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

Contents:

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

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in South Korea (CIF) - 2022

The average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $3.3 per unit in December 2022, remaining constant against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 13% m-o-m. The import price peaked at $4.0 per unit in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Cambodia ($3.5 per unit), while the price for Vietnam ($3.0 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+0.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s amounted to $6.3 per unit, shrinking by -9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 32%. Over the period under review, the average export prices attained the peak figure at $7.1 per unit in 2019; however, from 2020 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 Russia ($12 per unit), while the average price for exports to Mexico ($5.6 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 Russia (+15.3%), 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 South Korea

In 2022, supplies from abroad of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s was finally on the rise to reach 33M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible decline. Imports peaked at 35M 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 expanded markedly to $119M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China86.279.399.21098.1%
Vietnam14.27.96.05.4-27.6%
Cambodia2.11.61.12.21.6%
Myanmar1.72.01.51.4-6.3%
Others0.80.71.01.07.7%
Total10591.41091194.3%

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

  1. China (29.6M units)
  2. Vietnam (1.8M units)
  3. Cambodia (0.6M units)
  4. Myanmar (0.4M units)

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

Exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s from South Korea amounted to 168K units in 2022, surging by 2.9% on 2021 figures. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s fell to $1.1M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $1.1M, and then shrank in the following year.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China15121011625018.3%
Japan168149243138-6.3%
United States19587.1213120-14.9%
Vietnam12034.142.466.8-17.7%
Hong Kong SAR11033.338.964.8-16.2%
Germany8.33.09.163.997.5%
Singapore31.110.819.649.917.1%
Russia13.54.62.048.753.4%
Mexico0.15.311.842.3650.7%
Philippines16.928.841.729.119.9%
Australia13.93.522.723.919.8%
Taiwan (Chinese)39.919.314.421.1-19.1%
Thailand9.120.021.720.230.4%
Others14761.0329112-8.7%
Total1,0236701,1261,0510.9%

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

  1. China (42.0K units)
  2. Japan (21.0K units)
  3. United States (20.2K units)
  4. Vietnam (11.2K units)
  5. Hong Kong SAR (10.6K units)
  6. Germany (10.4K units)
  7. Singapore (8.1K units)
  8. Mexico (7.6K units)
  9. Philippines (4.6K units)
  10. Russia (4.1K units)
  11. Australia (3.9K units)
  12. Taiwan (Chinese) (3.8K units)
  13. Thailand (3.4K units)
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