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

Contents:

  1. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Morocco (CIF) - 2023
  2. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Morocco (FOB) - 2022
  3. Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Morocco
  4. Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Morocco

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

In June 2023, the average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s amounted to $12.2 per unit, waning by -45% against the previous month. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in January 2023 when the average import price increased by 212% m-o-m. The import price peaked at $51.7 per unit in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($20.0 per unit), while the price for China amounted to $4.0 per unit.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (-6.1%).

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

The average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $17 per unit in 2022, surging by 2.6% against the previous year. Overall, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 320% against the previous year. Over the period under review, the average export prices reached the maximum at $27 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 France ($119 per unit), while the average price for exports to Mauritania ($8.6 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 Gabon (-1.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s were finally on the rise to reach 1.1M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a precipitous descent. Imports peaked at 4M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s surged to $4.5M in 2022. Overall, imports, however, saw a deep slump. Over the period under review, imports of attained the maximum at $6.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.23.42.12.8-18.6%
Others1.20.91.01.712.3%
Total6.44.23.14.5-11.1%

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

  1. China (1069.0K units)

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

In 2022, approx. 15K units of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s were exported from Morocco; increasing by 69% on the year before. Overall, exports saw mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s surged to $252K in 2022. In general, exports showed modest growth. The pace of growth appeared the most rapid in 2021 when exports increased by 150%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain40.028.552.120873.2%
GabonN/AN/AN/A2.60%
Mauritania0.9N/A12.82.132.6%
Benin12.1N/AN/AN/A0%
Others18629.580.439.5-40.3%
Total23958.01452521.8%

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

  1. Spain (13.5K units)
  2. Mauritania (0.2K units)
  3. Gabon (0.2K units)
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