Price for Garden or Similar Umbrellas in Malaysia - 2021
Contents:
- Price for Garden or Similar Umbrellas in Malaysia (FOB) - 2022
- Price for Garden or Similar Umbrellas in Malaysia (CIF) - 2022
- Exports of Garden or Similar Umbrellas in Malaysia
- Imports of Garden or Similar Umbrellas in Malaysia
Price for Garden or Similar Umbrellas in Malaysia (FOB) - 2022
The average garden or similar umbrellas export price stood at $18 per unit in 2022, picking up by 82% against the previous year. In general, the export price saw a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($39 per unit), while the average price for exports to Spain ($1 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 Indonesia (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Garden or Similar Umbrellas in Malaysia (CIF) - 2022
In 2022, the average garden or similar umbrellas import price amounted to $2.7 per unit, approximately equating the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 94%. Over the period under review, average import prices reached the peak figure at $4.5 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.2% per year.
Exports of Garden or Similar Umbrellas in Malaysia
After three years of growth, overseas shipments of garden or similar umbrellases decreased by -50.7% to 56K units in 2022. Over the period under review, exports, however, posted a notable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 97%. As a result, the exports attained the peak of 114K units, and then dropped notably in the following year.
In value terms, garden or similar umbrellas exports shrank to $1M in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $1.1M, and then reduced in the following year.
| Export of Garden or Similar Umbrellas in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 382 | 494 | 740 | 604 | 16.5% |
| Australia | 91.2 | 126 | 11.1 | 134 | 13.7% |
| Singapore | 15.5 | 5.1 | 25.7 | 36.0 | 32.4% |
| Portugal | N/A | N/A | N/A | 33.8 | 0% |
| Cambodia | 24.5 | 23.8 | 17.9 | 16.8 | -11.8% |
| Indonesia | 47.0 | 40.5 | 13.7 | 16.4 | -29.6% |
| Brunei Darussalam | 3.2 | 9.4 | 197 | 8.5 | 38.5% |
| Spain | 17.8 | 12.9 | 7.2 | 5.0 | -34.5% |
| South Africa | 6.5 | 5.4 | 3.5 | 2.8 | -24.5% |
| Canada | 86.0 | 34.8 | N/A | 0.1 | -89.5% |
| Others | 160 | 134 | 107 | 146 | -3.0% |
| Total | 834 | 885 | 1,123 | 1,004 | 6.4% |
Top Export Markets for Garden or Similar Umbrellas from Malaysia in 2022:
- Canada (undefinedK units)
- Turkey (29.3K units)
- Spain (5.0K units)
- Singapore (4.0K units)
- Australia (3.4K units)
- South Africa (2.4K units)
- Brunei Darussalam (1.9K units)
- Indonesia (1.4K units)
- Portugal (1.1K units)
- Cambodia (1.1K units)
Imports of Garden or Similar Umbrellas in Malaysia
In 2022, approx. 397K units of garden or similar umbrellases were imported into Malaysia; jumping by 16% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at 454K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, garden or similar umbrellas imports surged to $1.1M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Garden or Similar Umbrellas in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 538 | 1,113 | 804 | 1,046 | 24.8% |
| Others | 275 | 104 | 103 | 16.1 | -61.2% |
| Total | 814 | 1,217 | 907 | 1,062 | 9.3% |
Top Suppliers of Garden or Similar Umbrellas to Malaysia in 2022:
- China (396.2K units)
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