Price for Garden or Similar Umbrellas in Hong Kong SAR - 2023
Contents:
- Price for Garden or Similar Umbrellas in Hong Kong SAR (CIF) - 2022
- Price for Garden or Similar Umbrellas in Hong Kong SAR (FOB) - 2022
- Imports of Garden or Similar Umbrellas in Hong Kong SAR
- Exports of Garden or Similar Umbrellas in Hong Kong SAR
Price for Garden or Similar Umbrellas in Hong Kong SAR (CIF) - 2022
In 2022, the average garden or similar umbrellas import price amounted to $118 per unit, with an increase of 41% against the previous year. Overall, the import price enjoyed significant growth. The growth pace was the most rapid in 2020 when the average import price increased by 91% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($724 per unit), while the price for Malaysia ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Garden or Similar Umbrellas in Hong Kong SAR (FOB) - 2022
In 2022, the average garden or similar umbrellas export price amounted to $11 per unit, rising by 52% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $16 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($93 per unit), while the average price for exports to the UK ($3.4 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 Italy (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Garden or Similar Umbrellas in Hong Kong SAR
In 2022, approx. 7.1K units of garden or similar umbrellases were imported into Hong Kong SAR; which is down by -39.6% on the year before. In general, imports faced a sharp descent. The growth pace was the most rapid in 2021 when imports increased by 11%. Imports peaked at 25K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, garden or similar umbrellas imports contracted to $835K in 2022. Over the period under review, imports continue to indicate a deep setback. The smallest decline of -5% was in 2021. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Garden or Similar Umbrellas in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 474 | 338 | 464 | 293 | -14.8% |
| Vietnam | 303 | 288 | 261 | 169 | -17.7% |
| Italy | 68.0 | 109 | 97.8 | 132 | 24.7% |
| Japan | 16.6 | 7.5 | 14.6 | 16.3 | -0.6% |
| Malaysia | N/A | N/A | N/A | 8.5 | 0% |
| Netherlands | 6.2 | N/A | N/A | 7.2 | 5.1% |
| United Kingdom | 32.9 | N/A | N/A | 2.0 | -60.7% |
| Singapore | 26.7 | N/A | N/A | 1.3 | -63.5% |
| Others | 329 | 291 | 144 | 206 | -14.4% |
| Total | 1,257 | 1,034 | 982 | 835 | -12.7% |
Top Suppliers of Garden or Similar Umbrellas to Hong Kong SAR in 2022:
- China (5394.0 units)
- Japan (434.0 units)
- Vietnam (350.0 units)
- Malaysia (313.0 units)
- Italy (182.0 units)
- Netherlands (120.0 units)
- United Kingdom (58.0 units)
- Singapore (17.0 units)
Exports of Garden or Similar Umbrellas in Hong Kong SAR
In 2022, exports of garden or similar umbrellases from Hong Kong SAR fell sharply to 12K units, reducing by -87% on 2021. Over the period under review, exports faced a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 225% against the previous year. As a result, the exports attained the peak of 94K units, and then dropped dramatically in the following year.
In value terms, garden or similar umbrellas exports declined markedly to $133K in 2022. In general, exports showed a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $671K, and then reduced markedly in the following year.
| Export of Garden or Similar Umbrellas in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.6 | 14.7 | 350 | 52.7 | -10.5% |
| Macao SAR | 148 | 177 | 185 | 23.9 | -45.5% |
| Japan | 29.4 | 11.4 | 47.3 | 23.5 | -7.2% |
| Canada | 1.9 | 3.4 | 0.6 | 4.5 | 33.3% |
| United Kingdom | 59.6 | 8.9 | 2.8 | 4.3 | -58.4% |
| China | 48.7 | 104 | 49.9 | 4.2 | -55.8% |
| Germany | 73.1 | 1.5 | 4.3 | 1.4 | -73.2% |
| Taiwan (Chinese) | 47.6 | 1.1 | 5.1 | N/A | -67.3% |
| Others | 137 | 137 | 26.5 | 18.6 | -48.6% |
| Total | 619 | 458 | 671 | 133 | -40.1% |
Top Export Markets for Garden or Similar Umbrellas from Hong Kong SAR in 2022:
- United States (7.8K units)
- United Kingdom (1.3K units)
- Canada (1.0K units)
- China (0.8K units)
- Japan (0.5K units)
- Macao SAR (0.3K units)
- Germany (0.1K units)
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This report provides an in-depth analysis of the global umbrella and walking-stick market.
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This report provides an in-depth analysis of the umbrella and walking-stick market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global umbrella market.
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This report provides an in-depth analysis of the global umbrella market.
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This report provides an in-depth analysis of the global umbrella and walking-stick market.
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China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
4180
In 2016, the umbrella market amounted to X 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 si
986
In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
3912
In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
4449
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 X% in 2012.
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China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
