Scandinavia: Umbrella Market 2024

Umbrella Market Size in Scandinavia

The Scandinavia umbrella market expanded rapidly to $X in 2022, growing by 14% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Umbrella Production in Scandinavia

In value terms, umbrella production rose significantly to $X in 2022 estimated in export price. Over the period under review, production enjoyed mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Umbrella Exports

Exports in Scandinavia

In 2022, approx. X units of umbrellas were exported in Scandinavia; surging by 1.7% on the previous year's figure. In general, exports, however, showed a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 13%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella exports shrank slightly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 21%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden represented the major exporting country with an export of around X units, which recorded 85% of total exports. It was distantly followed by Finland (X units), committing a 13% share of total exports. Norway (X units) took a relatively small share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of umbrellas. Finland (-2.1%) and Norway (-15.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +7.4 percentage points.

In value terms, Sweden ($X) remains the largest umbrella supplier in Scandinavia, comprising 84% of total exports. The second position in the ranking was taken by Finland ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Finland (+0.5% per year) and Norway (-5.6% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, waning by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($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 (+11.3%), while the other leaders experienced more modest paces of growth.

Umbrella Imports

Imports in Scandinavia

In 2022, after six years of decline, there was significant growth in supplies from abroad of umbrellas, when their volume increased by 19% to X units. Over the period under review, imports, however, showed a mild downturn. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, umbrella imports totaled $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +66.9% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) represented the key importer of umbrellas, generating 59% of total imports. It was distantly followed by Norway (X units) and Finland (X units), together constituting a 41% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of umbrellas. Norway (-3.5%) and Finland (-5.2%) illustrated a downward trend over the same period. While the share of Sweden (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (-4.7 p.p.) and Finland (-6.7 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported umbrellas in Scandinavia, comprising 55% of total imports. The second position in the ranking was taken by Norway ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +4.8%. In the other countries, the average annual rates were as follows: Norway (+2.6% per year) and Finland (+0.6% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, which is down by -5.1% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella import price increased by +80.6% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank 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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform