Hong Kong SAR, China - Umbrellas and Walking-Sticks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUmbrella and Walking-Stick Price in Hong Kong SAR - 2023
Contents:
- Umbrella and Walking-Stick Price in Hong Kong SAR (CIF) - 2023
- Umbrella and Walking-Stick Price in Hong Kong SAR (FOB) - 2022
- Umbrella and Walking-Stick Imports in Hong Kong SAR
- Umbrella and Walking-Stick Exports in Hong Kong SAR
Umbrella and Walking-Stick Price in Hong Kong SAR (CIF) - 2023
The average umbrella and walking-stick import price stood at $5.1 per unit in September 2023, increasing by 8.7% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 30% month-to-month. The import price peaked at $6.0 per unit in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($11.1 per unit), while the price for China ($4.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.
Umbrella and Walking-Stick Price in Hong Kong SAR (FOB) - 2022
In 2022, the average umbrella and walking-stick export price amounted to $4.6 per unit, therefore, remained relatively stable against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella and walking-stick export price decreased by -21.3% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 78% against the previous year. As a result, the export price reached the peak level of $5.8 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($10 per unit), while the average price for exports to the UK ($2 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 South Korea (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Umbrella and Walking-Stick Imports in Hong Kong SAR
In 2022, the amount of umbrellas and walking-sticks imported into Hong Kong SAR reduced markedly to 2.5M units, which is down by -33.2% compared with 2021. In general, imports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year. Imports peaked at 7.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, umbrella and walking-stick imports reduced dramatically to $10M in 2022. Over the period under review, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 73%. Imports peaked at $23M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Umbrella and Walking-Stick in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.3 | 3.8 | 9.0 | 6.5 | -29.2% |
| Taiwan (Chinese) | 0.7 | 0.8 | 1.3 | 0.9 | 8.7% |
| Japan | 1.0 | 0.8 | 0.8 | 0.8 | -7.2% |
| Cambodia | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| Philippines | 0.6 | 0.2 | N/A | N/A | -66.7% |
| Others | 2.3 | 2.1 | 2.0 | 1.6 | -11.4% |
| Total | 23.1 | 7.9 | 13.6 | 10.4 | -23.4% |
Top Suppliers of Umbrella and Walking-Stick to Hong Kong SAR in 2022:
- China (2206.3K units)
- Japan (99.6K units)
- Cambodia (76.7K units)
- Taiwan (Chinese) (57.6K units)
Umbrella and Walking-Stick Exports in Hong Kong SAR
In 2022, the amount of umbrellas and walking-sticks exported from Hong Kong SAR fell to 622K units, which is down by -7.5% against the previous year's figure. Over the period under review, exports showed a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked at 6.3M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, umbrella and walking-stick exports reduced to $2.9M in 2022. Overall, exports showed a significant curtailment. The smallest decline of -2% was in 2021. The exports peaked at $21M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Umbrella and Walking-Stick in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4,127 | 600 | 1,059 | 698 | -44.7% |
| China | 1,841 | 932 | 442 | 396 | -40.1% |
| Macao SAR | 455 | 342 | 408 | 306 | -12.4% |
| United Kingdom | 748 | 184 | 198 | 260 | -29.7% |
| Japan | 1,803 | 223 | 251 | 185 | -53.2% |
| Switzerland | 677 | 47.2 | 62.6 | 93.4 | -48.3% |
| France | 185 | 23.3 | 47.3 | 89.1 | -21.6% |
| Singapore | 165 | 36.8 | 58.3 | 87.3 | -19.1% |
| Thailand | 77.4 | 12.4 | 36.6 | 84.4 | 2.9% |
| Australia | 162 | 58.0 | 56.4 | 51.5 | -31.8% |
| Germany | 4,663 | 31.0 | 24.0 | 49.3 | -78.1% |
| Canada | 161 | 24.4 | 17.7 | 37.4 | -38.5% |
| Spain | 1,390 | 24.1 | 3.5 | 16.6 | -77.1% |
| Others | 4,151 | 646 | 458 | 498 | -50.7% |
| Total | 20,605 | 3,184 | 3,122 | 2,853 | -48.3% |
Top Export Markets for Umbrella and Walking-Stick from Hong Kong SAR in 2022:
- United States (160.3K units)
- United Kingdom (128.1K units)
- Macao SAR (61.7K units)
- Japan (41.6K units)
- China (39.2K units)
- Switzerland (16.5K units)
- Canada (16.3K units)
- France (15.7K units)
- Singapore (14.9K units)
- Thailand (12.3K units)
- Australia (11.5K units)
- Germany (10.3K units)
- Spain (5.6K units)
This report provides an in-depth analysis of the umbrella and walking-stick market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32992130 - Umbrellas, sun umbrellas, walking-stick umbrellas, garden umbrellas and similar umbrellas (excluding umbrella cases)
- Prodcom 32992150 - Walking-sticks, seat-sticks, whips, riding-crops and the like
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the umbrella and walking-stick market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global umbrella and walking-stick market.
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This report provides an in-depth analysis of the global umbrella market.
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This report provides an in-depth analysis of the umbrella and walking-stick market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global umbrella market.
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This report provides an in-depth analysis of the global umbrella and walking-stick market.
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This report provides an in-depth analysis of the global umbrella market.
4131
In 2016, the umbrella market amounted to X units. Over the past two years, consumption increased slightly, after experiencing a mild downturn over the previous four year period. Previously, the market recovered with tangible growth, following the si
953
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 ...
3848
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 ...
4420
From 2007 to 2014, the global umbrella market showed mixed dynamics. A significant drop in 2008-2009 was followed by a sharp increase in 2010-2011, until the market plunged again by X% in 2012.
2225
China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
4131
In 2016, the umbrella market amounted to X units. Over the past two years, consumption increased slightly, after experiencing a mild downturn over the previous four year period. Previously, the market recovered with tangible growth, following the si
953
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 ...
3848
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 ...
4420
From 2007 to 2014, the global umbrella market showed mixed dynamics. A significant drop in 2008-2009 was followed by a sharp increase in 2010-2011, until the market plunged again by X% in 2012.
2225
China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
