Southern Asia: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Southern Asia

The South Asian umbrella and walking-stick market fell slightly to $X in 2022, dropping by -3.7% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Umbrella And Walking-Stick Production in Southern Asia

In value terms, umbrella and walking-stick production fell to $X in 2022 estimated in export price. In general, production recorded a slight descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 53% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports in Southern Asia

In 2022, the amount of umbrellas and walking-sticks exported in Southern Asia surged to X units, rising by 23% compared with 2021. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 673%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports skyrocketed to $X in 2022. Over the period under review, exports saw perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 329%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India represented the largest exporter of umbrellas and walking-sticks in Southern Asia, with the volume of exports amounting to X units, which was approx. 49% of total exports in 2022. It was distantly followed by Pakistan (X units), Bangladesh (X units) and Sri Lanka (X units), together mixing up a 51% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to umbrella and walking-stick exports from India stood at +12.8%. At the same time, Sri Lanka (+26.8%), Bangladesh (+20.4%) and Pakistan (+12.2%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +26.8% from 2012-2022. From 2012 to 2022, the share of Bangladesh and Sri Lanka increased by +7.3 and +6.4 percentage points, respectively.

In value terms, the largest umbrella and walking-stick supplying countries in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), together accounting for 93% of total exports.

Among the main exporting countries, India, with a CAGR of +14.7%, 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

The export price in Southern Asia stood at $X per unit in 2022, with an increase of 6.3% against the previous year. Overall, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 160% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the other leaders experienced a decline in the export price figures.

Umbrella And Walking-Stick Imports

Imports in Southern Asia

In 2022, purchases abroad of umbrellas and walking-sticks increased by 54% to X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports saw tangible growth. The most prominent rate of growth was recorded in 2014 when imports increased by 60% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, umbrella and walking-stick imports skyrocketed to $X in 2022. Overall, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, recording X units, which was approx. 86% of total imports in 2022. It was distantly followed by Pakistan (X units), generating a 7.4% share of total imports. Bangladesh (X units) and Nepal (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +13.7% from 2012 to 2022. At the same time, Pakistan (+24.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +24.5% from 2012-2022. By contrast, Nepal (-8.5%) and Bangladesh (-20.7%) illustrated a downward trend over the same period. While the share of India (+51 p.p.) and Pakistan (+6.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (-4.9 p.p.) and Bangladesh (-50.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported umbrellas and walking-sticks in Southern Asia, comprising 58% of total imports. The second position in the ranking was taken by Pakistan ($X), with an 18% share of total imports. It was followed by Bangladesh, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +1.5%. In the other countries, the average annual rates were as follows: Pakistan (+26.6% per year) and Bangladesh (-13.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, with a decrease of -20.3% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 29%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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