Price for Garden or Similar Umbrellas in the Philippines - 2023
Contents:
- Price for Garden or Similar Umbrellas in the Philippines (CIF) - 2023
- Price for Garden or Similar Umbrellas in the Philippines (FOB) - 2022
- Imports of Garden or Similar Umbrellas in the Philippines
- Exports of Garden or Similar Umbrellas in the Philippines
Price for Garden or Similar Umbrellas in the Philippines (CIF) - 2023
The average garden or similar umbrellas import price stood at $484 per thousand units in July 2023, with a decrease of -72.6% against the previous month. Over the period under review, the import price showed a pronounced slump. The pace of growth was the most pronounced in October 2022 when the average import price increased by 7,748% month-to-month. As a result, import price attained the peak level of $34.5 per unit. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -1.7% per month.
Price for Garden or Similar Umbrellas in the Philippines (FOB) - 2022
The average garden or similar umbrellas export price stood at $6.1 per unit in 2022, jumping by 20% against the previous year. Over the period under review, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 131%. As a result, the export price reached the peak level of $12 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +18.4% per year.
Imports of Garden or Similar Umbrellas in the Philippines
In 2022, approx. 3.9M units of garden or similar umbrellases were imported into the Philippines; increasing by 5.2% on the previous year. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, garden or similar umbrellas imports expanded notably to $4.8M in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Garden or Similar Umbrellas in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 2.5 | 4.3 | 4.7 | 5.5% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 4.2 | 2.7 | 4.4 | 4.8 | 4.6% |
Top Suppliers of Garden or Similar Umbrellas to the Philippines in 2022:
- China (3.9M units)
Exports of Garden or Similar Umbrellas in the Philippines
In 2022, the amount of garden or similar umbrellases exported from the Philippines surged to 31K units, increasing by 21% on 2021 figures. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 35,163% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, garden or similar umbrellas exports soared to $187K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 22,149%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Garden or Similar Umbrellas in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 125 | 185 | 48.0% |
| Others | 0.6 | 0.6 | 3.5 | 1.3 | 29.4% |
| Total | 0.6 | 0.6 | 128 | 187 | 578.0% |
Top Export Markets for Garden or Similar Umbrellas from the Philippines in 2022:
- United States (30.7K units)
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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 ...
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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 ...
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