Spain: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Spain

In 2021, after two years of decline, there was significant growth in the Spanish walking-sticks and whips market, when its value increased by 66% to $X. In general, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Production in Spain

In value terms, walking-sticks and whips production contracted rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,463% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Walking-Sticks And Whips Exports

Exports from Spain

In 2021, exports of walking-sticks, seat-sticks, whips and riding-crops from Spain reduced slightly to X tons, approximately equating 2020 figures. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 107% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 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, recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 133%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Italy (X tons) and Germany (X tons) were the main destinations of walking-sticks and whips exports from Spain, together comprising 69% of total exports. These countries were followed by Poland, Portugal, the UK and Hungary, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +120.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for walking-sticks and whips exported from Spain were France ($X), Italy ($X) and Germany ($X), with a combined 74% share of total exports. These countries were followed by Poland, Portugal, the UK and Hungary, which together accounted for a further 15%.

Hungary, with a CAGR of +117.6%, 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 walking-sticks and whips export price stood at $X per ton in 2021, jumping by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +6.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Spain

In 2021, supplies from abroad of walking-sticks, seat-sticks, whips and riding-crops increased by 59% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, walking-sticks and whips imports soared to $X in 2021. In general, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest walking-sticks and whips supplier to Spain, with a 76% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.6% per year) and Taiwan (Chinese) (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Spain, comprising 61% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+39.2% per year) and Germany (+29.5% per year).

Import Prices by Country

In 2021, the average walking-sticks and whips import price amounted to $X per ton, rising by 1.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :