Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India - 2023

Contents:

  1. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India (CIF) - 2023
  2. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India (FOB) - 2023
  3. Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India
  4. Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India (CIF) - 2023

The average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $621 per thousand units in November 2023, picking up by 6.5% against the previous month. Overall, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 45% month-to-month. As a result, import price attained the peak level of $0.8 per unit. From October 2023 to November 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 November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -1.0% per month.

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India (FOB) - 2023

The average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $4.8 per unit in November 2023, rising by 4.8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 55% against the previous month. As a result, the export price attained the peak level of $6.2 per unit. From April 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United States ($19.0 per unit), while the average price for exports to Canada ($2.1 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India

After two years of decline, overseas purchases of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s increased by 59% to 24M units in 2022. In general, imports, however, continue to indicate a pronounced decline. Over the period under review, imports of attained the peak figure at 27M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s soared to $14M in 2022. Overall, imports, however, recorded a deep downturn. Over the period under review, imports of reached the peak figure at $17M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China15.39.29.112.8-5.8%
Others1.71.00.41.4-6.3%
Total17.010.29.514.2-5.8%

Top Suppliers of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) to India in 2022:

  1. China (23.8M units)

Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India

In 2022, overseas shipments of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s decreased by -5.3% to 770K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 79%. As a result, the exports reached the peak of 813K units, and then shrank in the following year.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s soared to $2.8M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +78.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain3905901,03071922.6%
France4.22.43.2461378.8%
United States18513917038928.1%
Bhutan27.229.9246247108.6%
Malaysia5.12.225.1129193.5%
Nepal93.062.118086.8-2.3%
South Africa40.664.069.664.216.5%
Turkey0.20.50.856.3555.4%
United Arab Emirates40.07.927.342.62.1%
MoroccoN/AN/A47.135.6-24.4%
Chile12.949.547.326.827.6%
Cote d'Ivoire1383.07.72.4-74.1%
China69.41621230.2-85.8%
Others870440393516-16.0%
Total1,8761,5512,3712,77513.9%

Top Export Markets for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) from India in 2022:

  1. Spain (143.7K units)
  2. United States (127.6K units)
  3. Bhutan (114.8K units)
  4. France (89.6K units)
  5. South Africa (31.7K units)
  6. Malaysia (28.7K units)
  7. Turkey (22.6K units)
  8. United Arab Emirates (22.5K units)
  9. Nepal (20.7K units)
  10. Morocco (16.7K units)
  11. Chile (13.5K units)
  12. Cote d'Ivoire (1.5K units)
  13. China (0.1K units)
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