Umbrella Price in the Philippines - 2023
Contents:
- Umbrella Price in the Philippines (CIF) - 2023
- Umbrella Price in the Philippines (FOB) - 2022
- Umbrella Imports in the Philippines
- Umbrella Exports in the Philippines
Umbrella Price in the Philippines (CIF) - 2023
In June 2023, the average umbrella import price amounted to $849 per thousand units, growing by 3.2% against the previous month. Over the period under review, the import price recorded a pronounced increase. The pace of growth appeared the most rapid in October 2022 an increase of 1,420% month-to-month. As a result, import price reached the peak level of $8.0 per unit. From November 2022 to June 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +2.5% per month.
Umbrella Price in the Philippines (FOB) - 2022
The average umbrella export price stood at $10 per unit in 2022, waning by -14.4% against the previous year. In general, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 295% against the previous year. Over the period under review, the average export prices attained the peak figure at $12 per unit in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($16 per unit), while the average price for exports to Micronesia ($1.4 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 Hong Kong SAR (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.
Umbrella Imports in the Philippines
In 2022, imports of umbrellas into the Philippines surged to 19M units, growing by 39% compared with the year before. Over the period under review, imports recorded a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, umbrella imports surged to $14M in 2022. Overall, imports, however, recorded a deep downturn. Imports peaked at $22M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Umbrella in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.3 | 10.5 | 11.8 | 13.9 | -13.3% |
| Japan | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Others | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Total | 22.1 | 11.0 | 12.4 | 14.4 | -13.3% |
Top Suppliers of Umbrella to the Philippines in 2022:
- China (18.7M units)
- Japan (0.2M units)
Umbrella Exports in the Philippines
In 2022, approx. 63K units of umbrellas were exported from the Philippines; shrinking by -49.8% on the previous year. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs at 150K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, umbrella exports declined rapidly to $632K in 2022. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, the exports attained the peak of $1.5M, and then contracted rapidly in the following year.
| Export of Umbrella in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 989 | 1,066 | 1,444 | 621 | -14.4% |
| Micronesia | N/A | 2.6 | 3.9 | 6.9 | 62.9% |
| Hong Kong SAR | 53.3 | 19.6 | 0.5 | 0.2 | -84.5% |
| Others | 102 | 17.9 | 22.8 | 3.4 | -67.8% |
| Total | 1,144 | 1,106 | 1,472 | 632 | -17.9% |
Top Export Markets for Umbrella from the Philippines in 2022:
- Hong Kong SAR (undefinedK units)
- United States (57.0K units)
- Micronesia (5.0K units)
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This report provides an in-depth analysis of the umbrella and walking-stick market in the Philippines.
1341
This report provides an in-depth analysis of the global umbrella market.
3474
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 umbrella market in the Philippines.
1216
This report provides an in-depth analysis of the umbrella and walking-stick market in the Philippines.
568
This report provides an in-depth analysis of the global umbrella market.
1341
This report provides an in-depth analysis of the global umbrella market.
3474
This report provides an in-depth analysis of the global umbrella and walking-stick market.
4152
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
971
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 ...
3879
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 ...
4435
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.
2252
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
4152
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
971
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 ...
3879
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 ...
4435
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.
2252
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
