Republic of Korea - Umbrellas and Walking-Sticks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUmbrella and Walking-Stick Price in South Korea - 2022
Contents:
- Umbrella and Walking-Stick Price in South Korea (CIF) - 2022
- Umbrella and Walking-Stick Price in South Korea (FOB) - 2022
- Umbrella and Walking-Stick Imports in South Korea
- Umbrella and Walking-Stick Exports in South Korea
Umbrella and Walking-Stick Price in South Korea (CIF) - 2022
In December 2022, the average umbrella and walking-stick import price amounted to $3.5 per unit, approximately mirroring the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 7.3% m-o-m. Over the period under review, average import prices attained the maximum at $4.3 per unit in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.
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.
Umbrella and Walking-Stick Price in South Korea (FOB) - 2022
In December 2022, the average umbrella and walking-stick export price amounted to $23.1 per unit, with an increase of 161% against the previous month. In general, the export price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in July 2022 an increase of 371% m-o-m. Over the period under review, the average export prices hit record highs at $31.1 per unit in December 2021; however, from January 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($44.7 per unit), while the average price for exports to Vietnam ($5.1 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Umbrella and Walking-Stick Imports in South Korea
After two years of decline, overseas purchases of umbrellas and walking-sticks increased by 16% to 35M units in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at 35M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, umbrella and walking-stick imports expanded markedly to $132M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Umbrella and Walking-Stick in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 90.2 | 84.1 | 106 | 117 | 9.1% |
| Vietnam | 14.5 | 8.1 | 6.1 | 5.4 | -28.1% |
| Taiwan (Chinese) | 1.5 | 1.9 | 3.3 | 3.9 | 37.5% |
| Cambodia | 2.1 | 1.6 | 1.1 | 2.2 | 1.6% |
| Others | 3.7 | 3.4 | 3.1 | 3.6 | -0.9% |
| Total | 112 | 98.9 | 120 | 132 | 5.6% |
Top Suppliers of Umbrella and Walking-Stick to South Korea in 2022:
- China (31.0M units)
- Vietnam (1.8M units)
- Taiwan (Chinese) (0.6M units)
- Cambodia (0.6M units)
Umbrella and Walking-Stick Exports in South Korea
In 2022, approx. 399K units of umbrellas and walking-sticks were exported from South Korea; reducing by -7.2% against 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The smallest decline of -3.1% was in 2020. The exports peaked at 576K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, umbrella and walking-stick exports fell modestly to $2.5M in 2022. Overall, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, the exports attained the maximum at $2.7M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Umbrella and Walking-Stick in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,144 | 1,040 | 690 | 851 | -9.4% |
| United States | 546 | 574 | 713 | 574 | 1.7% |
| China | 151 | 226 | 203 | 293 | 24.7% |
| Hong Kong SAR | 242 | 215 | 370 | 291 | 6.3% |
| Vietnam | 166 | 98.5 | 42.6 | 66.8 | -26.2% |
| Germany | 8.3 | 3.0 | 9.1 | 63.9 | 97.5% |
| Singapore | 49.4 | 10.9 | 19.7 | 50.1 | 0.5% |
| Taiwan (Chinese) | 73.1 | 94.6 | 71.9 | 30.6 | -25.2% |
| Netherlands | 60.0 | 1.5 | 74.1 | 4.7 | -57.2% |
| Others | 243 | 144 | 461 | 300 | 7.3% |
| Total | 2,683 | 2,407 | 2,655 | 2,525 | -2.0% |
Top Export Markets for Umbrella and Walking-Stick from South Korea in 2022:
- Japan (133.7K units)
- United States (91.9K units)
- China (48.8K units)
- Hong Kong SAR (46.3K units)
- Vietnam (11.2K units)
- Germany (10.4K units)
- Singapore (8.2K units)
- Taiwan (Chinese) (5.3K units)
- Netherlands (0.8K units)
This report provides an in-depth analysis of the umbrella and walking-stick market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
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 Republic of Korea.
3447
This report provides an in-depth analysis of the global umbrella and walking-stick market.
1307
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 market in Republic of Korea.
747
This report provides an in-depth analysis of the umbrella and walking-stick market in Republic of Korea.
562
This report provides an in-depth analysis of the global umbrella market.
3447
This report provides an in-depth analysis of the global umbrella and walking-stick market.
1307
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
954
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 ...
3850
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 ...
4422
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.
2227
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
954
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 ...
3850
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 ...
4422
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.
2227
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
