Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia - 2024

Contents:

  1. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia (CIF) - 2024
  2. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia (FOB) - 2022
  3. Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia
  4. Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia (CIF) - 2024

In January 2024, the average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s amounted to $1.6 per unit, with a decrease of -14.7% against the previous month. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 34% month-to-month. As a result, import price attained the peak level of $2.7 per unit. From April 2023 to January 2024, the average 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 January 2023 to January 2024, the rate of growth in terms of prices for China amounted to -1.1% per month.

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia (FOB) - 2022

In 2022, the average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s amounted to $6.4 per unit, increasing by 35% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s increased by +85.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 58%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($45 per unit), while the average price for exports to India ($3.1 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 (+23.1%), 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 Malaysia

In 2022, after two years of decline, there was significant growth in overseas purchases of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s, when their volume increased by 16% to 3.5M units. Over the period under review, imports, however, recorded a abrupt decline. Imports peaked at 4.3M 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 skyrocketed to $6.3M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.74.95.16.01.7%
Others0.20.60.10.314.5%
Total5.95.55.26.32.2%

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

  1. China (3.5M units)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s, when their volume decreased by -7.5% to 344K units. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% 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 +76.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 44%. Over the period under review, the exports of reached the maximum at 372K units in 2021, and then fell in the following year.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s soared to $2.2M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey5586471,1381,09825.3%
Singapore28218323241814.0%
Canada25.4N/AN/A284123.6%
Taiwan (Chinese)N/AN/A12.082.7589.2%
Hong Kong SARN/A35.49.775.946.4%
Indonesia47.542.125.871.914.8%
Australia3.5N/A22.445.3134.8%
IndiaN/A3.213.926.8189.4%
ChinaN/AN/A232N/A0%
Others18051.980.095.4-19.1%
Total1,0979631,7662,19726.0%

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

  1. Turkey (207.1K units)
  2. Singapore (65.1K units)
  3. Hong Kong SAR (17.9K units)
  4. Taiwan (Chinese) (14.3K units)
  5. Australia (9.7K units)
  6. India (8.7K units)
  7. Canada (6.3K units)
  8. Indonesia (3.2K units)
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