Tanzania: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Tanzania

In 2022, the Tanzanian umbrella and walking-stick market decreased by -79.8% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. Umbrella and walking-stick consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from Tanzania

In 2022, overseas shipments of umbrellas and walking-sticks decreased by -67.1% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of 279%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports declined significantly to $X in 2022. Over the period under review, exports, however, showed measured growth. The growth pace was the most rapid in 2014 when exports increased by 338%. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Burundi (X units) was the main destination for umbrella and walking-stick exports from Tanzania, accounting for a 36% share of total exports. Moreover, umbrella and walking-stick exports to Burundi exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by Uganda (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+48.7% per year) and Uganda (+35.1% per year).

In value terms, Zambia ($X) emerged as the key foreign market for umbrellas and walking-sticks exports from Tanzania, comprising 66% of total exports. The second position in the ranking was held by Uganda ($X), with a 7.7% share of total exports. It was followed by Burundi, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia amounted to +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+14.7% per year) and Burundi (+24.9% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, increasing by 8.1% against the previous year. In general, the export price recorded a measured increase. The pace of growth was the most pronounced in 2021 an increase of 99%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Burundi ($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 Zambia (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Tanzania

In 2022, supplies from abroad of umbrellas and walking-sticks decreased by -76% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 212%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, umbrella and walking-stick imports shrank dramatically to $X in 2022. In general, imports showed a mild setback. The growth pace was the most rapid in 2019 with an increase of 374%. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella and walking-stick to Tanzania, accounting for a 81% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and Hong Kong SAR (+7.1% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Tanzania, comprising 80% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.7% share of total imports. It was followed by Hong Kong SAR, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.4% per year) and Hong Kong SAR (+8.3% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, reducing by -42.6% against the previous year. Overall, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52%. The import price peaked at $X per unit in 2021, and then fell markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per unit) and Kenya ($X per unit), while the price for South Africa ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform