Ukraine: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Ukraine

The Ukrainian umbrella and walking-stick market declined remarkably to $X in 2022, waning by -53.6% against the previous year. Overall, consumption showed a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank dramatically in the following year.

Umbrella And Walking-Stick Production in Ukraine

In value terms, umbrella and walking-stick production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 42% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from Ukraine

After two years of growth, overseas shipments of umbrellas and walking-sticks decreased by -33% to X units in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 88% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports contracted notably to $X in 2022. Overall, exports, however, saw a perceptible expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 80% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units), Moldova (X units) and Poland (X units) were the main destinations of umbrella and walking-stick exports from Ukraine, together comprising 52% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +135.8%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for umbrellas and walking-sticks exports from Ukraine, comprising 23% of total exports. The second position in the ranking was held by Croatia ($X), with an 11% share of total exports. It was followed by Bulgaria, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia amounted to +120.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (-4.7% per year) and Bulgaria (+28.3% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, declining by -5.5% against the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to the Czech Republic ($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 States (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Ukraine

In 2022, umbrella and walking-stick imports into Ukraine declined markedly to X units, dropping by -61.9% compared with the previous year's figure. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by 113%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports fell rapidly to $X in 2022. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by 73% against the previous year. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of umbrella and walking-stick to Ukraine, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -6.5%.

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Ukraine.

From 2012 to 2022, the average annual growth rate of value from China totaled -4.3%.

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, picking up by 29% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 import price increased by +51.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 43% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.3% per year.

Source: IndexBox Platform

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