United Kingdom: Umbrella Market 2024

Umbrella Market Size in the UK

The UK umbrella market skyrocketed to $X in 2022, jumping by 16% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Umbrella Production in the UK

In value terms, umbrella production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 -0.1% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 29%. Umbrella production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Umbrella Exports

Exports from the UK

In 2022, the amount of umbrellas exported from the UK dropped significantly to X units, waning by -18.5% on 2021 figures. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 41%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, umbrella exports fell to $X in 2022. In general, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 24% 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 lower figure.

Exports by Country

Ireland (X units) was the main destination for umbrella exports from the UK, accounting for a 26% share of total exports. Moreover, umbrella exports to Ireland exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by Spain (X units), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.2% per year) and Spain (-2.8% per year).

In value terms, Ireland ($X) remains the key foreign market for umbrellas exports from the UK, comprising 19% of total exports. The second position in the ranking was held by Japan ($X), with an 8.3% share of total exports. It was followed by the United States, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.7% per year) and the United States (+1.0% per year).

Export Prices by Country

In 2022, the average umbrella export price amounted to $X per unit, growing by 18% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Spain ($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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports

Imports into the UK

In 2022, after two years of decline, there was significant growth in purchases abroad of umbrellas, when their volume increased by 17% to X units. In general, imports, however, showed a deep slump. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, umbrella imports skyrocketed to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) was the main umbrella supplier to the UK, with a 95% share of total imports. It was followed by Hong Kong SAR (X units), with a 0.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-26.6% per year) and Germany (-13.5% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas to the UK, comprising 90% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and Hong Kong SAR (-18.7% per year).

Import Prices by Country

In 2022, the average umbrella import price amounted to $X per unit, approximately mirroring the previous year. In general, the import price, however, recorded buoyant growth. The growth pace was the most rapid in 2021 an increase of 66% against the previous year. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform