Spain: Umbrella Market 2024

Umbrella Market Size in Spain

In 2022, the Spanish umbrella market increased by 44% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Umbrella Production in Spain

In value terms, umbrella production fell sharply to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54%. Over the period under review, production attained the maximum level at $X in 2021, and then reduced sharply in the following year.

Umbrella Exports

Exports from Spain

In 2022, the amount of umbrellas exported from Spain was estimated at X units, growing by 8.4% against the year before. In general, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella exports soared to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Italy (X units) and Portugal (X units) were the main destinations of umbrella exports from Spain, with a combined 70% share of total exports. Morocco, Hungary, the UK, Germany, Greece, Andorra and Venezuela lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for umbrella exported from Spain were France ($X), Portugal ($X) and Italy ($X), with a combined 72% share of total exports. Germany, Morocco, the UK, Hungary, Andorra, Greece and Venezuela lagged somewhat behind, together accounting for a further 9.9%.

Hungary, with a CAGR of +12.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average umbrella export price stood at $X per unit in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 when the average export price increased by 21% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Venezuela ($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 Hungary (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports

Imports into Spain

In 2022, purchases abroad of umbrellas increased by 42% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a slight setback. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella imports surged to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +89.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of umbrella to Spain, with a 91% share of total imports. It was followed by Portugal (X units), with a 2% share of total imports. Germany (X units) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+8.2% per year) and Germany (-1.8% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas to Spain, comprising 82% of total imports. The second position in the ranking was taken by Portugal ($X), with a 5.9% share of total imports. It was followed by Germany, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+5.3% per year) and Germany (+0.9% per year).

Import Prices by Country

The average umbrella import price stood at $X per unit in 2022, waning by -6% against the previous year. Overall, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of 63% against the previous year. The import price peaked at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform