Scandinavia: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Scandinavia

In 2022, the Scandinavia umbrella and walking-stick market increased by 11% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Umbrella And Walking-Stick Production in Scandinavia

In value terms, umbrella and walking-stick production expanded notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 162% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports in Scandinavia

In 2022, the amount of umbrellas and walking-sticks exported in Scandinavia was estimated at X units, increasing by 2.3% on the year before. Over the period under review, exports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2021 when exports increased by 16% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, umbrella and walking-stick exports declined to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 20%. Over the period under review, the exports hit record highs at $X in 2021, and then fell modestly in the following year.

Exports by Country

In 2022, Sweden (X units) represented the largest exporter of umbrellas and walking-sticks, creating 85% of total exports. It was distantly followed by Finland (X units), generating a 13% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of umbrellas and walking-sticks. Finland (-2.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +7.9 percentage points.

In value terms, Sweden ($X) remains the largest umbrella and walking-stick supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was taken by Finland ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, declining by -5.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 when the export price increased by 23%. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.0%).

Umbrella And Walking-Stick Imports

Imports in Scandinavia

In 2022, overseas purchases of umbrellas and walking-sticks were finally on the rise to reach X units after two years of decline. In general, imports, however, showed a mild contraction. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports rose significantly to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +70.0% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden represented the key importer of umbrellas and walking-sticks in Scandinavia, with the volume of imports recording X units, which was approx. 57% of total imports in 2022. It was distantly followed by Norway (X units) and Finland (X units), together generating a 43% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of umbrellas and walking-sticks. Norway (-3.1%) and Finland (-3.3%) illustrated a downward trend over the same period. Sweden (+9.5 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -4.5% and -5% from 2012 to 2022, respectively.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Sweden, with a CAGR of +4.8%, recorded 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 import price in Scandinavia amounted to $X per unit, reducing by -3% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella and walking-stick import price increased by +72.7% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform