Romania: Umbrella Market 2024

Umbrella Market Size in Romania

The Romanian umbrella market reduced to $X in 2022, declining by -13.1% against the previous year. Overall, consumption saw a deep reduction. Umbrella consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Umbrella Production in Romania

In value terms, umbrella production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of 28%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Umbrella Exports

Exports from Romania

Umbrella exports from Romania surged to X units in 2022, with an increase of 88% against the previous year's figure. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 256%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, umbrella exports surged to $X in 2022. Overall, exports continue to indicate a prominent 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 exports from Romania, together accounting for 44% of total exports. The Netherlands, the UK, Denmark, Belgium, Spain, Norway, Italy, Bulgaria, Austria and Greece lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +228.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for umbrella exported from Romania were France ($X), Sweden ($X) and the Netherlands ($X), with a combined 34% share of total exports. Germany, Norway, Bulgaria, the UK, Belgium, Denmark, Greece, Austria, Spain and Italy lagged somewhat behind, together accounting for a further 45%.

Among the main countries of destination, Greece, with a CAGR of +124.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average umbrella export price amounted to $X per unit, declining by -3.2% against the previous year. In general, the export price showed a abrupt decline. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to the UK ($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 (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Umbrella Imports

Imports into Romania

In 2022, approx. X units of umbrellas were imported into Romania; dropping by -14.9% compared with 2021. Over the period under review, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella imports rose remarkably to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.8% 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 +55.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X units), Slovenia (X units) and Hungary (X units) were the main suppliers of umbrella imports to Romania, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +101.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella suppliers to Romania were China ($X), Poland ($X) and Slovenia ($X), together comprising 69% of total imports.

Among the main suppliers, Slovenia, with a CAGR of +90.6%, saw the highest rates of growth with regard to the value of imports, 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 import price amounted to $X per unit, jumping by 33% against the previous year. In general, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 42%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Hungary ($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 (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform