Turkey: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Turkey

In 2022, after eight years of decline, there was growth in the Turkish umbrella and walking-stick market, when its value increased by 0.3% to $X. In general, consumption, however, showed a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Umbrella And Walking-Stick Production in Turkey

In value terms, umbrella and walking-stick production shrank to $X in 2022 estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of 16%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports from Turkey

In 2022, umbrella and walking-stick exports from Turkey skyrocketed to X units, picking up by 19% against the year before. In general, exports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, umbrella and walking-stick exports soared to $X in 2022. Overall, exports posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units), Belgium (X units) and Georgia (X units) were the main destinations of umbrella and walking-stick exports from Turkey, with a combined 29% share of total exports. France, Morocco, the UK, Russia, Cyprus, the Netherlands, Azerbaijan, Iraq, the United Arab Emirates and Romania lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +63.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for umbrellas and walking-sticks exports from Turkey, comprising 18% of total exports. The second position in the ranking was held by Belgium ($X), with a 7.5% share of total exports. It was followed by Cyprus, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+13.9% per year) and Cyprus (+6.5% per year).

Export Prices by Country

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, jumping by 16% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella and walking-stick export price increased by +83.5% against 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Iraq ($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 the United Arab Emirates (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Turkey

In 2022, umbrella and walking-stick imports into Turkey surged to X units, jumping by 45% against 2021. Over the period under review, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 when imports increased by 48% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, umbrella and walking-stick imports skyrocketed to $X in 2022. In general, imports, however, showed a deep downturn. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of umbrella and walking-stick to Turkey, with a 94% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -2.9%.

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Turkey, comprising 77% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -11.8%.

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, falling by -4% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-9.2%).

Source: IndexBox Platform

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