Sweden: Umbrella Market 2024

Umbrella Market Size in Sweden

The Swedish umbrella market surged to $X in 2022, rising by 15% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Umbrella Production in Sweden

In value terms, umbrella production reached $X in 2022 estimated in export price. Overall, production continues to indicate modest growth. The growth pace was the most rapid in 2016 when the production volume increased by 76% against the previous year. Umbrella production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Umbrella Exports

Exports from Sweden

In 2022, the amount of umbrellas exported from Sweden reached X units, growing by 4.4% on 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, umbrella exports fell modestly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of umbrella exports from Sweden, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +3.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for umbrella exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), together comprising 81% of total exports. Germany, Poland and the UK lagged somewhat behind, together comprising a further 7.9%.

Among the main countries of destination, Germany, with a CAGR of +2.7%, saw the highest rates of growth with regard to 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 2022, the average umbrella export price amounted to $X per unit, waning by -4.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Finland ($X per unit), while the average price for exports to Norway ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Umbrella Imports

Imports into Sweden

In 2022, supplies from abroad of umbrellas was finally on the rise to reach X units after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, umbrella imports soared to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +73.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella to Sweden, accounting for a 69% share of total imports. Moreover, umbrella imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), tenfold. The Netherlands (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+4.0% per year) and the Netherlands (+7.9% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas to Sweden, comprising 81% of total imports. The second position in the ranking was taken by Denmark ($X), with a 4% share of total imports. It was followed by Poland, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+1.3% per year) and Poland (+13.7% per year).

Import Prices by Country

The average umbrella import price stood at $X per unit in 2022, reducing by -11.2% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella import price increased by +40.3% against 2014 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 34% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined 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 China ($X per unit), while the price for Finland ($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 (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform