Latest Report Update: Sep 7, 2019

World - Umbrellas - Market Analysis, Forecast, Size, Trends and Insights

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Jun 13, 2018

China Produces 81% of the Global Umbrella Output

IndexBox has just published a new report "World: Umbrellas - Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.

The Market Gradually Regained a Slight Growth Pattern Following a Period of Stagnation

In 2016, the umbrella market amounted to 1.5B units. Over the past two years, consumption increased slightly, after experiencing a mild downturn over the previous four year period. Previously, the market recovered with tangible growth, following the significant crisis-induced slump of 2009. In 2016, umbrella consumption appeared just below (approx 4%) the peak figure achieved in 2010 and 10% higher than the outset level. 

According to IndexBox estimates, in wholesale prices the market stood at $4.6B in 2016, growing with a CAGR of +4.3% per year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In value terms, the market continued to observe marginal growth following its recovery, stabilizing over the last three years. 

The Umbrella Market Is Set to See Moderate Growth 

Umbrellas constitute one of the necessary consumer items and are in demand worldwide; population growth and gradual improvements in the standard of living, therefore, are set to remain the key impetus factors driving demand. 

Asia constitutes the most significant region in terms of global umbrella consumption, as a result of its climatic conditions and the widespread of use of handheld umbrellas as protection from the sun against unwanted sunburn. The strong influence from the fashion industry and the increasing popularity of expensive branded accessories are also promoting enhanced umbrella consumption. In Europe, there is a marked preference for rain umbrellas, often purchased as a fashion accessory or a gift. The demand for high-end fashionable women’s umbrellas is increasing, as fashion trends change and develop. 

Overall, the umbrella market is projected to remain relatively stable: significant growth in terms of demand for this product is not forecast. The market is projected to grow at a rate of +1.1% a year for the period from 2016 to 2025, which is then expected to lead the market volume to 1.6B units by 2025.

China Remained the Major Consumer of Umbrellas

The countries with the highest consumption were China (36.4%), India (10.5%), Japan (8.1%), the U.S. (7.8%), Brazil (3.8%), Korea (2.1%), the Philippines (2.1%), the UK (1.8%), Canada (1.8%) and Mexico (1.7%). The other consuming countries together accounted for approx. 21.5% of global consumption. 

The highest annual rates of growth in terms of umbrellas consumption from 2007 to 2016 were recorded in the Philippines, with a +6.9% growth, India, with +5.1%, China, with +3.5% and Mexico, with +3.0%. Consequently, China significantly strengthened its share in terms of  global consumption, from 29% in 2007, to 36% in 2016. India (+3 percentаge points) also increased its share in total consumption, while the shares of Philippines and Mexico remained relatively stable over the analyzed period. By contrast, the shares of Japan (-3 percentage points) and Germany (-2 percentage points) declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Japan (925 unit/1,000), Canada (711 unit/1,000), Korea (602 unit/1,000), which were significantly higher than the world average of 198 unit/1,000. In these countries per capita consumption observed a multidirectional trend pattern; in China, where per capita consumption exceeded the global average by almost a twofold figure, it continued to increase.

China Produced 81% of the Global Umbrella Output

The global production of umbrellas totalled 1,474M units in 2016. Production in recent years has remained relatively stable, after contracting slightly over the previous three year period. From 2010-2011, production increased sharply, thereby offsetting the impact of the weak production figures seen in 2009. As China remains a key manufacturer of umbrellas, the trend pattern in terms of global output is determined by the performance of the Chinese umbrella industry. In 2016, China produced 1,188M units, which equates to 81% of global production. Increasingly moderate demand and a decline in trade intensity have recently predetermined more modest output in China in recent years. However, in China, there are entire cities that specialise in the manuafcture of this product. Other key umbrella manufacturers can be listed as follows: India (9.3%), the U.S. (1.4%), Canada (1.2%), Viet Nam (0.7%), Japan (0.5%) and Sri Lanka (0.2%).

A High Trade Intensity Remains Typical of the Umbrella Market

Umbrellas will continue to be highly traded, due to the high concentration of capacity figures in China, India and Europe. The share of exports in global production fell from 66% in 2007, to 54% in 2016, due to the declining growth in terms of umbrella production and increasing domestic demand in some of the major exporting countries. China, a major global exporter of umbrellas, boasting an 83% share in total exports, is increasing its own consumption, mainly by redirecting a proportion of its previously exported product to the domestic market.   

China Dominates the Global Umbrella Exports

In 2016, the volume of global exports totaled 801M units, declining mildly from the peak figure observed in 2011, with the exception of occasional fluctuations seen in 2014. Previously, the export volume recovered from 2010 to 2011, after a decline over the previous two years. In value terms, exports amounted to $2.6B, $103M (or 4%) less than the previous year.

China (663M units) dominates as a major the global supplier of umbrellas, with a share of 83% of global exports. The following exporters, Germany (24.3M units), Hong Kong (17.6M units), the Netherlands (13.5M units), France (7.2M units), Italy (6.7M units) and Spain (6.5M units) together assumed a combined share of 9% of global exports. From 2007 to 2016, Germany (+11.6% per year), Spain (+11.3% per year), France (+7.0%) and the Netherlands (+4.6%) were the fastest growing suppliers in terms of the major exporters. At the same time, Chinese exports to the global market declined slightly; moreover, exports from Hong Kong fell by over 80% over the period under review. Despite being among largest global producers of umbrellas, India (0.29% of exports in production in 2016) did not export much of their production, meaning that it was consumed domestically. 

While the share of Hong Kong dropped significantly (- 9 percentage points), the share of China and Germany (+2 percentage points, each) displayed a positive dynamic. The shares of the other countries remained relatively stable throughout the analyzed period.

The Phillippines Emerged as the Fastest-Growing Importer of Umbrellas

The volume of global imports totaled 778M units in 2016. The import trend pattern generally mirrored that of exports: these trade flows globally complement each other. In value terms, imports stood at $2.5B in 2016, contracting over the last two years.

In 2016, Japan (110.3M units), the U.S. (95.1M units), Brazil (54.0M units), Germany (42.4M units), Korea (31.2M units), Philippines (30.6M units) and the UK (30.4M units) constituted the leading destinations for umbrella imports, together comprising 47% of global imports. Amongst the major importing countries, the Philippines (+7.0% per year) gained the highest annual rates of growth, while the other importers experienced more modest or even negative paces of growth from 2007 to 2016. While the share of Philippines increased by +2 percentage points, the share of the other countries remained relatively stable throughout the analyzed period. 

Do you want to know more about the global umbrella market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • umbrella market share
  • umbrella prices
  • umbrella industry
  • umbrella sales
  • umbrella import
  • umbrella export
  • umbrella market forecast
  • umbrella price forecast
  • umbrella key producers

Source: IndexBox AI Platform

Product coverage:
• Prodcom 32992130 - Umbrellas, sun umbrellas, walking-stick umbrellas, garden umbrellas and similar umbrellas (excluding umbrella cases)
• Prodcom 32992150 - Walking-sticks, seat-sticks, whips, riding-crops and the like

This report provides an in-depth analysis of the global umbrella market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
Ready to Get Started?

We can help you conduct market research and write a report using the most reliable data

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data