Umbrella Price in Hong Kong SAR - 2023
Contents:
- Umbrella Price in Hong Kong SAR (CIF) - 2022
- Umbrella Price in Hong Kong SAR (FOB) - 2023
- Umbrella Imports in Hong Kong SAR
- Umbrella Exports in Hong Kong SAR
Umbrella Price in Hong Kong SAR (CIF) - 2022
The average umbrella import price stood at $3.6 per unit in 2022, increasing by 15% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella import price decreased by -4.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $3.8 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($7.6 per unit), while the price for China ($2.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Umbrella Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average umbrella export price amounted to $5.6 per unit, waning by -9.7% against the previous month. Overall, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in October 2022 an increase of 31% m-o-m. Over the period under review, the average export prices reached the maximum at $7.8 per unit in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Malta ($19.2 per unit), while the average price for exports to Malaysia ($1.1 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Umbrella Imports in Hong Kong SAR
In 2022, imports of umbrellas into Hong Kong SAR fell rapidly to 2.3M units, with a decrease of -34.4% against 2021. Overall, imports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 107% against the previous year. Over the period under review, imports reached the peak figure at 7.4M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, umbrella imports reduced rapidly to $8.5M in 2022. In general, imports faced a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum at $22M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Umbrella in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.9 | 3.6 | 8.6 | 6.0 | -30.5% |
| Japan | 0.9 | 0.7 | 0.8 | 0.7 | -8.0% |
| Cambodia | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| Philippines | 0.6 | 0.2 | N/A | N/A | -66.7% |
| Others | 2.1 | 1.9 | 1.5 | 1.3 | -14.8% |
| Total | 21.7 | 6.6 | 11.3 | 8.5 | -26.8% |
Top Suppliers of Umbrella to Hong Kong SAR in 2022:
- China (2096.0K units)
- Japan (98.3K units)
- Cambodia (76.7K units)
Umbrella Exports in Hong Kong SAR
In 2022, umbrella exports from Hong Kong SAR reduced to 423K units, with a decrease of -14.9% against 2021. In general, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. The exports peaked at 6.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, umbrella exports shrank to $2.3M in 2022. Over the period under review, exports showed a sharp decrease. The smallest decline of -3.6% was in 2021. Over the period under review, the exports reached the peak figure at $20M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Umbrella in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,832 | 228 | 567 | 421 | -52.1% |
| China | 1,350 | 901 | 438 | 316 | -38.4% |
| Macao SAR | 452 | 340 | 408 | 302 | -12.6% |
| Japan | 1,747 | 181 | 234 | 153 | -55.6% |
| United Kingdom | 736 | 179 | 192 | 132 | -43.6% |
| Switzerland | 675 | 43.4 | 56.7 | 93.0 | -48.4% |
| South Korea | 95.6 | 83.6 | 23.7 | 88.1 | -2.7% |
| Singapore | 135 | 27.1 | 57.3 | 87.1 | -13.6% |
| France | 181 | 19.1 | 38.4 | 86.1 | -21.9% |
| Thailand | 77.3 | 12.4 | 36.6 | 84.4 | 3.0% |
| Australia | 155 | 56.8 | 55.9 | 51.0 | -31.0% |
| Germany | 4,629 | 28.5 | 18.5 | 48.5 | -78.1% |
| Philippines | 82.2 | 13.8 | 3.8 | 28.3 | -29.9% |
| Others | 5,492 | 526 | 416 | 363 | -59.6% |
| Total | 19,638 | 2,640 | 2,545 | 2,253 | -51.4% |
Top Export Markets for Umbrella from Hong Kong SAR in 2022:
- United States (99.6K units)
- Macao SAR (61.3K units)
- Japan (31.4K units)
- China (30.4K units)
- United Kingdom (27.4K units)
- Switzerland (16.5K units)
- France (15.4K units)
- Singapore (14.9K units)
- Thailand (12.3K units)
- Australia (11.4K units)
- Germany (10.0K units)
- South Korea (8.5K units)
- Philippines (8.3K units)
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This report provides an in-depth analysis of the umbrella and walking-stick market in Hong Kong SAR, China.
1321
This report provides an in-depth analysis of the global umbrella market.
3464
This report provides an in-depth analysis of the global umbrella and walking-stick market.
359
This report provides an in-depth analysis of the umbrella and walking-stick market in Hong Kong SAR, China.
563
This report provides an in-depth analysis of the global umbrella market.
1321
This report provides an in-depth analysis of the global umbrella market.
3464
This report provides an in-depth analysis of the global umbrella and walking-stick market.
4144
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
968
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 ...
3869
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 ...
4432
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.
2240
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
4144
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
968
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 ...
3869
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 ...
4432
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.
2240
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
