Price for Garden or Similar Umbrellas in South Africa - 2023

Contents:

  1. Price for Garden or Similar Umbrellas in South Africa (FOB) - 2022
  2. Price for Garden or Similar Umbrellas in South Africa (CIF) - 2023
  3. Exports of Garden or Similar Umbrellas in South Africa
  4. Imports of Garden or Similar Umbrellas in South Africa

Price for Garden or Similar Umbrellas in South Africa (FOB) - 2022

In 2022, the average garden or similar umbrellas export price amounted to $53 per unit, waning by -19.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs at $80 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($363 per unit), while the average price for exports to Swaziland ($8.5 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 the United States (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Garden or Similar Umbrellas in South Africa (CIF) - 2023

In September 2023, the average garden or similar umbrellas import price amounted to $4.5 per unit, increasing by 11% against the previous month. Overall, the import price, however, saw a mild descent. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 392% month-to-month. As a result, import price attained the peak level of $18.3 per unit. From February 2023 to September 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -1.7% per month.

Exports of Garden or Similar Umbrellas in South Africa

In 2022, approx. 77K units of garden or similar umbrellases were exported from South Africa; jumping by 31% compared with the year before. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, garden or similar umbrellas exports reached $4.1M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Garden or Similar Umbrellas in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mozambique9235381,028790-5.1%
United States4622424505616.7%
Germany3644444174477.1%
Zambia14834161541641.1%
Ghana8.75.6148215191.3%
Lesotho36.022.985.320478.3%
United Arab Emirates65.435.937.719644.2%
Botswana1091031041336.9%
Namibia54.024.553.112331.6%
Belgium40.826.857.475.923.0%
Swaziland30.326.845.946.115.0%
Kenya12.410.114.233.639.4%
Malawi8.111.919.013.017.1%
Others48736681883719.8%
Total2,7502,1993,8944,09214.2%

Top Export Markets for Garden or Similar Umbrellas from South Africa in 2022:

  1. Mozambique (17.4K units)
  2. Lesotho (12.6K units)
  3. Botswana (9.5K units)
  4. Zambia (7.3K units)
  5. Swaziland (5.4K units)
  6. Namibia (4.9K units)
  7. Ghana (2.7K units)
  8. Kenya (1.8K units)
  9. Belgium (1.6K units)
  10. United States (1.5K units)
  11. Germany (1.5K units)
  12. United Arab Emirates (1.3K units)
  13. Malawi (1.3K units)

Imports of Garden or Similar Umbrellas in South Africa

In 2022, approx. 696K units of garden or similar umbrellases were imported into South Africa; rising by 109% on the year before. In general, imports, however, saw a slight setback. Over the period under review, imports reached the peak figure at 720K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, garden or similar umbrellas imports totaled $3.5M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Garden or Similar Umbrellas in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.82.33.23.46.7%
Others0.10.10.10.10.0%
Total2.92.33.33.56.5%

Top Suppliers of Garden or Similar Umbrellas to South Africa in 2022:

  1. China (691.1K units)
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