Sri Lanka: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Sri Lanka

The Sri Lankan umbrella and walking-stick market dropped to $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Umbrella And Walking-Stick Production in Sri Lanka

In value terms, umbrella and walking-stick production fell to $X in 2022 estimated in export price. In general, production showed a abrupt setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Umbrella And Walking-Stick Exports

Exports from Sri Lanka

Umbrella and walking-stick exports from Sri Lanka soared to X units in 2022, picking up by X% against 2021 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, umbrella and walking-stick exports soared to $X in 2022. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X units), India (X units) and Germany (X units) were the main destinations of umbrella and walking-stick exports from Sri Lanka, together accounting for X% of total exports. Maldives, Australia, the United States, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for umbrella and walking-stick exported from Sri Lanka were Maldives ($X), the UK ($X) and India ($X), with a combined X% share of total exports. Germany, Australia, Turkey, the United States and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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 average umbrella and walking-stick export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a deep reduction. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Umbrella And Walking-Stick Imports

Imports into Sri Lanka

After three years of decline, supplies from abroad of umbrellas and walking-sticks increased by X% to X units in 2022. Overall, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, umbrella and walking-stick imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella and walking-stick to Sri Lanka, accounting for a X% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. India (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 China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and India (X% per year).

In value terms, the largest umbrella and walking-stick suppliers to Sri Lanka were China ($X), Hong Kong SAR ($X) and India ($X), together comprising X% of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a deep downturn. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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