Scandinavia: Umbrella Market 2023

Umbrella Market Size in Scandinavia

In 2021, the Scandinavia umbrella market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Umbrella Production in Scandinavia

In value terms, umbrella production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a slight decrease. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Umbrella Exports

Exports in Scandinavia

In 2021, approx. X tons of umbrellas were exported in Scandinavia; growing by 18% on 2020 figures. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, umbrella exports soared to $X in 2021. The total export 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 throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) and Sweden (X tons) prevails in exports structure, together mixing up 96% of total exports. Finland (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of +4.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest umbrella supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Denmark, with a CAGR of +3.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 9.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 10%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%), while the other leaders experienced a decline in the export price figures.

Umbrella Imports

Imports in Scandinavia

In 2021, the amount of umbrellas imported in Scandinavia skyrocketed to X tons, jumping by 28% on the previous year. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, umbrella imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) and Sweden (X tons) were the main importers of umbrellas in Scandinavia, together amounting to approx. 75% of total imports. Norway (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Finland (9.9%).

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +6.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, with a combined 89% share of total imports.

Among the main importing countries, Denmark, with a CAGR of +5.7%, recorded 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

The import price in Scandinavia stood at $X per ton in 2021, increasing by 5.1% against the previous year. In general, the import price, however, saw a slight shrinkage. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Finland ($X per ton), while Denmark ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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