Asia: Walking-Sticks And Whips Market 2023

Walking-Sticks And Whips Market Size in Asia

The Asian walking-sticks and whips market declined remarkably to $X in 2021, waning by -17.7% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.1% against 2015 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Asia

In value terms, walking-sticks and whips production stood at $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 81%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Walking-Sticks And Whips Exports

Exports in Asia

Walking-sticks and whips exports soared to X tons in 2021, picking up by 49% against the year before. Over the period under review, exports posted measured growth. The pace of growth appeared the most rapid in 2017 when exports increased by 198%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, walking-sticks and whips exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.3% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), comprising a 5.2% share of total exports.

China was also the fastest-growing in terms of the walking-sticks, seat-sticks, whips and riding-crops exports, with a CAGR of +3.5% from 2012 to 2021. At the same time, Taiwan (Chinese) (+1.9%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest walking-sticks and whips supplier in Asia, comprising 90% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +8.3%.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 8.7% against the previous year. Over the period under review, the export price enjoyed notable growth. The pace of growth was the most pronounced in 2016 when the export price increased by 167%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%).

Walking-Sticks And Whips Imports

Imports in Asia

Walking-sticks and whips imports skyrocketed to X tons in 2021, jumping by 29% compared with 2020. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, walking-sticks and whips imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons), distantly followed by South Korea (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Iraq (X tons) and the United Arab Emirates (X tons) represented the key importers of walking-sticks, seat-sticks, whips and riding-crops, together generating 68% of total imports. The following importers - Bangladesh (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Yemen (X tons), Vietnam (X tons), Thailand (X tons) and Kuwait (X tons) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +99.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest walking-sticks and whips importing markets in Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 64% share of total imports. These countries were followed by Hong Kong SAR, Malaysia, the United Arab Emirates, Indonesia, Iraq, Bangladesh, Vietnam, Yemen, Thailand and Kuwait, which together accounted for a further 23%.

In terms of the main importing countries, Vietnam, with a CAGR of +85.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, dropping by -2.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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