Romania: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Romania

The Romanian umbrella and walking-stick market contracted remarkably to $X in 2022, with a decrease of -17.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Umbrella And Walking-Stick Exports

Exports from Romania

In 2022, exports of umbrellas and walking-sticks from Romania soared to X units, picking up by 82% against the previous year's figure. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 268%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, umbrella and walking-stick exports surged to $X in 2022. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Sweden (X units) and Germany (X units) were the main destinations of umbrella and walking-stick exports from Romania, with a combined 42% share of total exports. The Netherlands, the UK, Denmark, Bulgaria, Belgium, Greece, Spain, Norway, Italy and Austria lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +228.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for umbrella and walking-stick exported from Romania were France ($X), Sweden ($X) and the Netherlands ($X), together accounting for 33% of total exports. Germany, Bulgaria, Norway, the UK, Greece, Belgium, Denmark, Austria, Spain and Italy lagged somewhat behind, together comprising a further 47%.

Greece, with a CAGR of +129.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, which is down by -2.6% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 26%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Umbrella And Walking-Stick Imports

Imports into Romania

In 2022, imports of umbrellas and walking-sticks into Romania shrank significantly to X units, reducing by -15.9% compared with the year before. Over the period under review, imports continue to indicate a mild downturn. The growth pace was the most rapid in 2021 with an increase of 49%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports reached $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Slovenia (X units) and Hungary (X units) were the main suppliers of umbrella and walking-stick imports to Romania, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +101.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella and walking-stick suppliers to Romania were China ($X), Poland ($X) and Slovenia ($X), together comprising 67% of total imports.

Slovenia, with a CAGR of +90.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, picking up by 34% against the previous year. In general, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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