U.S.: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in the U.S.

The U.S. umbrella and walking-stick market reached $X in 2022, rising by 11% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Umbrella And Walking-Stick Production in the U.S.

In value terms, umbrella and walking-stick production reached $X in 2022. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 59%. Umbrella and walking-stick production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Umbrella And Walking-Stick Exports

Exports from the U.S.

In 2022, overseas shipments of umbrellas and walking-sticks increased by 45% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2018; afterwards, it flattened through to 2022.

In value terms, umbrella and walking-stick exports skyrocketed to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +68.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for umbrella and walking-stick exports from the United States, with a 50% share of total exports. Moreover, umbrella and walking-stick exports to Canada exceeded the volume sent to the second major destination, China (X units), fourfold. Mexico (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22.7% per year) and Mexico (-6.6% per year).

In value terms, Canada ($X) remains the key foreign market for umbrellas and walking-sticks exports from the United States, comprising 46% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports. It was followed by Mexico, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+52.3% per year) and Mexico (+2.7% per year).

Export Prices by Country

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, shrinking by -9% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +59.1% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 39% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.

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 China ($X per unit), while the average price for exports to Trinidad and Tobago ($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 China (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into the U.S.

In 2022, the amount of umbrellas and walking-sticks imported into the United States surged to X units, jumping by 26% on the year before. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +95.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, umbrella and walking-stick imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 34% 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 umbrella and walking-stick supplier to the United States, with a 93% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+32.8% per year) and Taiwan (Chinese) (+1.8% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to the United States, comprising 92% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.4% per year) and Cambodia (+30.3% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, which is down by -8.9% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2013 an increase of 10%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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