China: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in China

The Chinese umbrella and walking-stick market shrank remarkably to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Umbrella And Walking-Stick Production in China

In value terms, umbrella and walking-stick production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Umbrella And Walking-Stick Exports

Exports from China

In 2022, overseas shipments of umbrellas and walking-sticks increased by X% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Brazil (X units), the United States (X units) and Indonesia (X units) were the main destinations of umbrella and walking-stick exports from China, with a combined X% share of total exports. South Korea, Japan, the Philippines, India, Mexico, Germany, Thailand, Vietnam, the Netherlands and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for umbrellas and walking-sticks exports from China, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Brazil ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into China

In 2022, after two years of decline, there was growth in purchases abroad of umbrellas and walking-sticks, when their volume increased by X% to X units. In general, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports fell to $X in 2022. Over the period under review, imports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Cambodia (X units) constituted the largest umbrella and walking-stick supplier to China, with a X% share of total imports. Moreover, umbrella and walking-stick imports from Cambodia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Cambodia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Italy (X% per year).

In value terms, the largest umbrella and walking-stick suppliers to China were Cambodia ($X), Taiwan (Chinese) ($X) and Italy ($X), with a combined X% share of total imports. Japan, the UK, South Korea and Thailand lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a mild setback. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 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 Taiwan (Chinese) ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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