World - Umbrellas - Market Analysis, Forecast, Size, Trends and Insights
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Global Umbrella Market Reached 3B USD
Photo: © Wavebreak Media Ltd / Bigstockphoto
According to market research conducted by IndexBox, from 2007 to 2014, the global umbrella market showed mixed dynamics. A significant drop in 2008-2009 was followed by a sharp increase in 2010-2011, until the market plunged again by 17% in 2012. Over the next two years, it increased to 1,034 million units, developing with a CAGR of -2% from 2007 to 2014. In value terms, the global umbrella market expanded from 2,905 million USD in 2007 to 3,021 million USD in 2014, growing with a CAGR of 1%. Global growth in umbrella consumption is expected to accelerate at +2.2% (currently -2.2%) in the medium term.
Umbrella production showed similar dynamics over the last few years. Global umbrella production reached 1,979 million units from 2007 to 2014. In value terms, it increased to 4,118 million USD.
The output of four major umbrella producers, namely China, India, the U.S., and the countries of the European Union, represented more than 97% of global umbrella output. In China, which is the producer of 88% of the world's umbrellas, production levels grew by 7% annually from 2007 to 2014, representing the highest production growth. The balance of the countries showed mixed dynamics in physical terms: the Republic of Korea (-6%), Turkey (-18%), India (+5%), and the U.S. (+2%).
In 2014, Japan (12.1%), the U.S. (11.1%), Brazil (9.5%), and Germany (7.2%) were the leading destinations of umbrella imports, together accounting for 40% of the global imports in physical terms. While Germany's share increased significantly, the share of the U.S. illustrated negative dynamics. The shares of other countries remained relatively stable throughout the analyzed period.
In 2014, China was the main global supplier of umbrellas with a 92% share of the global exports. However, Germany (+42% per year) and Austria (+20% per year) were the fastest growing suppliers from 2007 to 2013.Despite being the largest global producers of umbrellas, India and the U.S. did not export much of their production, meaning that the output was primarily consumed on the domestic market.
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 market forecast
- umbrella price forecast
- key umbrella producers
Source: IndexBox AI Platform
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.
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