Global Umbrella Market Overview 2020

Umbrella Market Size

In 2019, the global umbrella market decreased by -X% to $X, falling for the fourth year in a row after six years of growth. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Global consumption peaked at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Umbrella Production

In value terms, umbrella production rose rapidly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country

China (X units) constituted the country with the largest volume of umbrella production, accounting for X% of total volume. Moreover, umbrella production in China exceeded the figures recorded by the second-largest producer, India (X units), more than tenfold. The third position in this ranking was occupied by Indonesia (X units), with a X% share.

From 2007 to 2019, the average annual growth rate of volume in China totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: India (-X% per year) and Indonesia (+X% per year).

Umbrella Exports

Exports

In 2019, shipments abroad of umbrellas increased by X% to X units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, global exports attained the peak figure at X units in 2011; afterwards, it flattened through to 2019.

In value terms, umbrella exports rose sharply to $X in 2019. Over the period under review, total exports indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, global exports hit record highs at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China dominates umbrella exports structure, recording X units, which was approx. X% of total exports in 2019. Cambodia (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2019. At the same time, Cambodia (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of China and Cambodia increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest umbrella supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports.

In China, umbrella exports expanded at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

The average umbrella export price stood at $X per unit in 2019, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Global export price peaked at $X per unit in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was China ($X per unit), while Cambodia stood at $X per unit.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Umbrella Imports

Imports

In 2019, purchases abroad of umbrellas decreased by -X% to X units for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Global imports peaked at X units in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, umbrella imports dropped to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Global imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

The U.S. (X units) and Japan (X units) represented roughly X% of total imports of umbrellas in 2019. It was distantly followed by Germany (X units), creating a X% share of total imports. The following importers - India (X units), South Korea (X units), Spain (X units), Brazil (X units), Mexico (X units), the UK (X units), Italy (X units), France (X units) and Russia (X units) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported umbrellas worldwide, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2019, the average umbrella import price amounted to $X per unit, growing by X% against the previous year. Overall, import price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was France ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for umbrellas in the world?

+

China (309M units) constituted the country with the largest volume of umbrella consumption, accounting for 17% of total volume. Moreover, umbrella consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (141M units), twofold. India (99M units) ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of umbrellas in the world?

+

China (1.4B units) constituted the country with the largest volume of umbrella production, accounting for 65% of total volume. Moreover, umbrella production in China exceeded the figures recorded by the second-largest producer, India (63M units), more than tenfold. The third position in this ranking was occupied by Indonesia (46M units), with a 2.1% share.

What are the leading suppliers of umbrellas in the world?

+

In value terms, China ($2.6B) remains the largest umbrella supplier worldwide, comprising 79% of global exports. The second position in the ranking was occupied by Cambodia ($40M), with a 1.2% share of global exports.

What are the leading importers of umbrellas in the world?

+

In value terms, the U.S. ($599M) constitutes the largest market for imported umbrellas worldwide, comprising 21% of global imports. The second position in the ranking was occupied by Japan ($297M), with a 11% share of global imports. It was followed by Germany, with a 8.3% share.

What is the average export price for umbrellas in the world?

+

In 2019, the average umbrella export price amounted to $2.7 per unit, with an increase of 3.9% against the previous year.

What is the average import price for umbrellas in the world?

+

In 2019, the average umbrella import price amounted to $3.3 per unit, increasing by 17% against the previous year.