South-Eastern Asia: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in South-Eastern Asia

In 2021, the Southeast Asian walking-sticks and whips market increased by 9.9% to $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption showed resilient growth. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Production in South-Eastern Asia

In value terms, walking-sticks and whips production rose remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by 107%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Walking-Sticks And Whips Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of walking-sticks, seat-sticks, whips and riding-crops decreased by -54% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 226% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, walking-sticks and whips exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 125%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Indonesia (X tons) represented the main exporter of walking-sticks, seat-sticks, whips and riding-crops, achieving 79% of total exports. It was distantly followed by Vietnam (X tons), making up a 14% share of total exports. Singapore (X tons) and Malaysia (X tons) held a minor share of total exports.

Exports from Indonesia increased at an average annual rate of +12.4% from 2012 to 2021. At the same time, Vietnam (+32.9%), Singapore (+8.7%) and Malaysia (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +32.9% from 2012-2021. Vietnam (+12 p.p.) and Indonesia (+11 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest walking-sticks and whips supplying countries in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Singapore ($X), together accounting for 61% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +51.2%, recorded 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 2021, the export price in South-Eastern Asia amounted to $X per ton, jumping by 173% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when the export price increased by 305%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.8%), while the other leaders experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports in South-Eastern Asia

After three years of decline, purchases abroad of walking-sticks, seat-sticks, whips and riding-crops increased by 36% to X tons in 2021. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 52% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Indonesia represented the key importing country with an import of about X tons, which amounted to 52% of total imports. Malaysia (X tons) took the second position in the ranking, followed by Vietnam (X tons) and Thailand (X tons). All these countries together took near 42% share of total imports. The following importers - the Philippines (X tons), Singapore (X tons) and Cambodia (X tons) - each reached a 5.6% share of total imports.

Imports into Indonesia increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Vietnam (+99.3%), Malaysia (+14.9%), Thailand (+12.8%) and Cambodia (+11.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +99.3% from 2012-2021. By contrast, Singapore (-10.5%) and the Philippines (-12.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, Malaysia, Indonesia and Thailand increased by +13, +5.8, +4.1 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 77% share of total imports.

Vietnam, with a CAGR of +85.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, which is down by -14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 37%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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