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 •••% in 2012. Over the next two years, it increased to ••• million units, developing with a CAGR of -•••% from 2007 to 2014. In value terms, the global umbrella market expanded from ••• million USD in 2007 to ••• million USD in 2014, growing with a CAGR of •••%. Global growth in umbrella consumption is expected to accelerate at +•••% (currently -•••%) in the medium term.
Umbrella production showed similar dynamics over the last few years. Global umbrella production reached ••• million units from 2007 to 2014. In value terms, it increased to ••• 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 •••% of global umbrella output. In China, which is the producer of •••% of the world's umbrellas, production levels grew by •••% 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 (-•••%), Turkey (-•••%), India (+•••%), and the U.S. (+•••%).
In 2014, Japan (•••%), the U.S. (•••%), Brazil (•••%), and Germany (•••%) were the leading destinations of umbrella imports, together accounting for •••% 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 •••% share of the global exports. However, Germany (+•••% per year) and Austria (+•••% 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.
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