China: Walking-Sticks And Whips Market 2023

Walking-Sticks And Whips Market Size in China

The Chinese walking-sticks and whips market dropped markedly to $X in 2021, declining by -90.9% against the previous year. In general, consumption showed a drastic downturn. Walking-sticks and whips consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Production in China

In value terms, walking-sticks and whips production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 41%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Walking-Sticks And Whips Exports

Exports from China

In 2021, exports of walking-sticks, seat-sticks, whips and riding-crops from China skyrocketed to X tons, jumping by 54% against the year before. In general, exports posted a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of 350% against the previous year. The exports peaked 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 skyrocketed to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +117.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for walking-sticks and whips exports from China, accounting for a 35% share of total exports. Moreover, walking-sticks and whips exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The UK (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.9% per year) and the UK (+4.5% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from China, comprising 29% of total exports. The second position in the ranking was held by Germany ($X), with a 6.3% share of total exports. It was followed by South Korea, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.4% per year) and South Korea (+15.0% per year).

Export Prices by Country

In 2021, the average walking-sticks and whips export price amounted to $X per ton, surging by 9.9% against the previous year. Overall, the export price posted a noticeable increase. The growth pace was the most rapid in 2016 when the average export price increased by 308%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into China

In 2021, overseas purchases of walking-sticks, seat-sticks, whips and riding-crops increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 110%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, walking-sticks and whips imports surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest walking-sticks and whips supplier to China, accounting for a 79% share of total imports. Moreover, walking-sticks and whips imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.7% per year) and the United Arab Emirates (+43.8% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of walking-sticks and whips to China, comprising 70% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.5% share of total imports. It was followed by Germany, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) totaled -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.7% per year) and Germany (+12.2% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, picking up by 20% against the previous year. In general, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips import price decreased by -1.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 143% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+116.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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