South-Eastern Asia: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in South-Eastern Asia

The Southeast Asian umbrella and walking-stick market fell slightly to $X in 2022, standing approx. at the previous year. Overall, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Umbrella And Walking-Stick Production in South-Eastern Asia

In value terms, umbrella and walking-stick production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 28%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports in South-Eastern Asia

In 2022, the amount of umbrellas and walking-sticks exported in South-Eastern Asia stood at X units, with an increase of 1.7% against 2021. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 81%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports expanded remarkably to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 47% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia was the largest exporting country with an export of around X units, which resulted at 81% of total exports. It was distantly followed by Vietnam (X units), making up a 13% share of total exports. Myanmar (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to umbrella and walking-stick exports from Cambodia stood at +16.4%. At the same time, Myanmar (+41.4%) and Vietnam (+10.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +41.4% from 2012-2022. From 2012 to 2022, the share of Cambodia and Myanmar increased by +15 and +2.2 percentage points, respectively.

In value terms, Cambodia ($X) remains the largest umbrella and walking-stick supplier in South-Eastern Asia, comprising 70% of total exports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cambodia amounted to +12.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+6.8% per year) and Myanmar (+31.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, increasing by 5.4% against the previous year. In general, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2017 when the export price increased by 8.1% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (-3.3%), while the other leaders experienced a decline in the export price figures.

Umbrella And Walking-Stick Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of umbrellas and walking-sticks increased by 31% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a deep setback. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports stood at $X in 2022. In general, imports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2017 when imports increased by 40%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X units), distantly followed by Thailand (X units), Myanmar (X units), Malaysia (X units), Indonesia (X units) and Singapore (X units) represented the largest importers of umbrellas and walking-sticks, together committing 96% of total imports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +42.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), the Philippines ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. Malaysia, Singapore, Vietnam and Myanmar lagged somewhat behind, together comprising a further 36%.

Among the main importing countries, Myanmar, with a CAGR of +16.9%, recorded the highest growth rate of 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 South-Eastern Asia amounted to $X per unit, waning by -14.2% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 26%. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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