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Singapore - Umbrellas - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Umbrella Market Overview 2021

Umbrella Market Size in Singapore

The Singaporean umbrella market expanded rapidly to $X in 2020, picking up by X% against the previous year. In general, the total consumption indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2013 to 2020, the growth of the market failed to regain the momentum.

Umbrella Production in Singapore

In value terms, umbrella production surged to $X in 2020 estimated in export prices. Over the period under review, production showed a buoyant expansion. The pace of growth was the most pronounced in 2010 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

Umbrella Exports

Exports from Singapore

In 2020, overseas shipments of umbrellas decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, umbrella exports shrank remarkably to $X in 2020. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Indonesia (X tonnes), Hong Kong SAR (X tonnes) and Japan (X tonnes) were the main destinations of umbrella exports from Singapore, with a combined X% share of total exports. These countries were followed by Malaysia, Australia, the Philippines, New Zealand, Seychelles, Thailand, Papua New Guinea, Viet Nam, Brunei Darussalam and Myanmar, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar, while exports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Japan ($X) and Indonesia ($X) constituted the largest markets for umbrella exported from Singapore worldwide, with a combined X% share of total exports. These countries were followed by Malaysia, the Philippines, Australia, New Zealand, Thailand, Papua New Guinea, Viet Nam, Seychelles, Brunei Darussalam and Myanmar, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average umbrella export price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, export price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, umbrella export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports

Imports into Singapore

In 2020, overseas purchases of umbrellas decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, umbrella imports declined markedly to $X in 2020. Overall, imports showed a mild contraction. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest umbrella supplier to Singapore, with a X% share of total imports. Moreover, umbrella imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), more than tenfold. Malaysia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Malaysia (-X% per year).

In value terms, China ($X) constituted the largest supplier of umbrella to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average umbrella import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The import price peaked in 2020 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were China ($X per tonne) and Malaysia ($X per tonne), while the price for Viet Nam ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for umbrellas in the world?
+
The country with the largest volume of umbrella consumption was China (308K tonnes), accounting for 17% of total volume. Moreover, umbrella consumption in China exceeded the figures recorded by the second-largest consumer, India (115K tonnes), threefold. The third position in this ranking was occupied by the U.S. (103K tonnes), with a 5.8% share.
What are the largest producers of umbrellas in the world?
+
China (804K tonnes) constituted the country with the largest volume of umbrella production, comprising approx. 43% of total volume. Moreover, umbrella production in China exceeded the figures recorded by the second-largest producer, India (112K tonnes), sevenfold. The third position in this ranking was occupied by Pakistan (53K tonnes), with a 2.8% share.
What are the leading suppliers of umbrellas to Singapore?
+
In value terms, China ($4.3M) constituted the largest supplier of umbrella to Singapore, comprising 81% of total imports. The second position in the ranking was occupied by Japan ($293K), with a 5.6% share of total imports. It was followed by Malaysia, with a 3.7% share.
What are the leading importers of umbrellas from Singapore?
+
In value terms, Hong Kong SAR ($79K), Japan ($73K) and Indonesia ($72K) constituted the largest markets for umbrella exported from Singapore worldwide, with a combined 52% share of total exports. Malaysia, the Philippines, Australia, New Zealand, Thailand, Papua New Guinea, Viet Nam, Seychelles, Brunei Darussalam and Myanmar lagged somewhat behind, together comprising a further 40%.
What is the average export price for umbrellas in Singapore?
+
In 2020, the average umbrella export price amounted to $10,624 per tonne, growing by 7.3% against the previous year.
What is the average import price for umbrellas in Singapore?
+
The average umbrella import price stood at $7,613 per tonne in 2020, with an increase of 14% against the previous year.

Product coverage:
• Prodcom 32992130 - Umbrellas, sun umbrellas, walking-stick umbrellas, garden umbrellas and similar umbrellas (excluding umbrella cases)
• Prodcom 32992150 - Walking-sticks, seat-sticks, whips, riding-crops and the like

This report provides an in-depth analysis of the umbrella market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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