Umbrella Price in Saudi Arabia - 2021

Contents:

  1. Umbrella Price in Saudi Arabia (FOB) - 2022
  2. Umbrella Exports in Saudi Arabia

Umbrella Price in Saudi Arabia (FOB) - 2022

In 2022, the average umbrella export price amounted to $8.7 per unit, with an increase of 37% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 453% against the previous year. As a result, the export price attained the peak level of $17 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($63 per unit), while the average price for exports to France ($0.8 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 Qatar (+58.7%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Exports in Saudi Arabia

In 2022, shipments abroad of umbrellas decreased by -0.5% to 58K units, falling for the second year in a row after two years of growth. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. As a result, the exports attained the peak of 58K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, umbrella exports soared to $503K in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 239% against the previous year. As a result, the exports attained the peak of $638K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Umbrella in Saudi Arabia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bahrain19.13.01.9207121.3%
Netherlands12.7N/A0.6136120.4%
BoliviaN/AN/AN/A16.30%
Egypt50.3N/A0.58.0-45.8%
France1.6N/AN/A1.95.9%
Spain33.4N/A0.10.7-72.4%
KuwaitN/A280294N/A5.0%
Others70.735570.713223.1%
Total18863836850338.8%

Top Export Markets for Umbrella from Saudi Arabia in 2022:

  1. Netherlands (22.1K units)
  2. Bolivia (3.6K units)
  3. Bahrain (3.3K units)
  4. France (2.4K units)
  5. Egypt (1.7K units)
  6. Spain (0.1K units)

Source: IndexBox Market Intelligence Platform

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