Global Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size

The global umbrella and walking-stick market stood at $X in 2022, rising by 12% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Umbrella And Walking-Stick Production

In value terms, umbrella and walking-stick production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 6.8%. Global production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Umbrella And Walking-Stick Exports

Exports

In 2022, shipments abroad of umbrellas and walking-sticks increased by 81% to X units, rising for the second year in a row after eight years of decline. In general, exports, however, continue to indicate a mild reduction. The global exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, umbrella and walking-stick exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X units, which was near 85% of total exports in 2022. Greece (X units), Cambodia (X units) and the Netherlands (X units) took a minor share of total exports.

Exports from China decreased at an average annual rate of -2.0% from 2012 to 2022. At the same time, Greece (+60.3%), Cambodia (+16.4%) and the Netherlands (+7.6%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +60.3% from 2012-2022. Greece (+3.2 p.p.) and Cambodia (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -3.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest umbrella and walking-stick supplier worldwide, comprising 79% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.6% share of global exports. It was followed by Cambodia, with a 1.3% share.

In China, umbrella and walking-stick exports increased at an average annual rate of +2.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+8.9% per year) and Cambodia (+12.6% per year).

Export Prices by Country

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, waning by -37% against the previous year. Over the period under review, the export price, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2018 an increase of 55%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the other global leaders experienced mixed trends in the export price figures.

Umbrella And Walking-Stick Imports

Imports

In 2022, global imports of umbrellas and walking-sticks skyrocketed to X units, jumping by 29% on 2021. In general, imports, however, recorded a mild downturn. Global imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 25%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by Japan (X units), Brazil (X units), Germany (X units), Greece (X units) and South Korea (X units) were the key importers of umbrellas and walking-sticks, together committing 52% of total imports. Italy (X units), the Philippines (X units), Mexico (X units), Spain (X units), France (X units), India (X units) and the UK (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to umbrella and walking-stick imports into the United States stood at +5.9%. At the same time, Greece (+33.4%), India (+13.7%), South Korea (+2.5%) and Germany (+2.4%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the world, with a CAGR of +33.4% from 2012-2022. Italy, Spain and France experienced a relatively flat trend pattern. By contrast, Japan (-3.4%), Brazil (-3.5%), Mexico (-4.2%), the UK (-4.7%) and the Philippines (-6.4%) illustrated a downward trend over the same period. The United States (+10 p.p.), Greece (+5.2 p.p.), India (+1.7 p.p.) and Germany (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Brazil, the Philippines and Japan saw its share reduced by -1.8%, -1.9% and -2.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported umbrellas and walking-sticks worldwide, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with an 8.9% share of global imports. It was followed by Japan, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +3.4%. In the other countries, the average annual rates were as follows: Germany (+4.2% per year) and Japan (-3.3% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, falling by -14.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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