South Africa: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in South Africa

The South African umbrella and walking-stick market dropped slightly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption saw a slight expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Umbrella And Walking-Stick Production in South Africa

In value terms, umbrella and walking-stick production dropped rapidly to $X in 2022 estimated in export price. In general, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 589% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from South Africa

In 2022, approx. X units of umbrellas and walking-sticks were exported from South Africa; rising by 25% against the year before. In general, exports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2016 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports expanded rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Swaziland (X units), Lesotho (X units) and Namibia (X units) were the main destinations of umbrella and walking-stick exports from South Africa, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +15.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Zambia ($X) and Namibia ($X) constituted the largest markets for umbrella and walking-stick exported from South Africa worldwide, with a combined 32% share of total exports. Lesotho, Swaziland, Botswana and the United Arab Emirates lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Swaziland, with a CAGR of +7.0%, saw the highest growth rate of 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 and walking-stick export price amounted to $X per unit, reducing by -10.2% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 export price decreased by -6.0% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Swaziland ($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 Mozambique (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into South Africa

In 2022, approx. X units of umbrellas and walking-sticks were imported into South Africa; rising by 45% compared with the previous year's figure. Overall, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 127% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports totaled $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of umbrella and walking-stick to South Africa, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.7%.

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to South Africa.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -1.8%.

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, dropping by -24.6% against the previous year. Overall, the import price, however, recorded a mild increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.9% per year.

Source: IndexBox Platform

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