Russian Federation: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in the Russian Federation

The Russian umbrella and walking-stick market declined to $X in 2022, waning by -9% against the previous year. Overall, consumption showed a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Umbrella And Walking-Stick Production in the Russian Federation

In value terms, umbrella and walking-stick production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. Umbrella and walking-stick production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports from the Russian Federation

In 2022, approx. X units of umbrellas and walking-sticks were exported from Russia; falling by -21.2% compared with the previous year. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 89%. As a result, the exports reached the peak of X units, and then shrank notably in the following year.

In value terms, umbrella and walking-stick exports dropped markedly to $X in 2022. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2021 with an increase of 84%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of umbrella and walking-stick exports from Russia, together accounting for 82% of total exports. Armenia, Kyrgyzstan, Poland and Uzbekistan lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +87.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Armenia ($X) constituted the largest markets for umbrella and walking-stick exported from Russia worldwide, with a combined 81% share of total exports. Ukraine, Kyrgyzstan, Poland and Uzbekistan lagged somewhat behind, together comprising a further 13%.

Uzbekistan, with a CAGR of +70.6%, saw the highest rates of growth with regard to the value of exports, among 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, dropping by -2.1% against the previous year. Over the period under review, the export price saw a mild contraction. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 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 Belarus ($X per unit), while the average price for exports to Ukraine ($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 Belarus (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Umbrella And Walking-Stick Imports

Imports into the Russian Federation

Umbrella and walking-stick imports into Russia fell modestly to X units in 2022, waning by -3.3% on the previous year's figure. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 56%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports dropped to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest umbrella and walking-stick supplier to Russia, with a 79% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+48.2% per year) and Kazakhstan (-69.5% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Russia, comprising 84% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+41.0% per year) and Kazakhstan (-72.6% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, falling by -9.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Belarus ($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 (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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