Price for Garden or Similar Umbrellas in India - 2023
Contents:
- Price for Garden or Similar Umbrellas in India (CIF) - 2023
- Price for Garden or Similar Umbrellas in India (FOB) - 2022
- Imports of Garden or Similar Umbrellas in India
- Exports of Garden or Similar Umbrellas in India
Price for Garden or Similar Umbrellas in India (CIF) - 2023
In September 2023, the average garden or similar umbrellas import price amounted to $838 per thousand units, almost unchanged from the previous month. Over the period under review, the import price posted slight growth. The growth pace was the most rapid in March 2023 an increase of 30% m-o-m. The import price peaked in September 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +1.3% per month.
Price for Garden or Similar Umbrellas in India (FOB) - 2022
The average garden or similar umbrellas export price stood at $4.7 per unit in 2022, with an increase of 29% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2018 when the average export price increased by 36%. The export price peaked at $7.1 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($14 per unit), while the average price for exports to South Africa ($1.8 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 Spain (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Garden or Similar Umbrellas in India
In 2022, supplies from abroad of garden or similar umbrellases increased by 16% to 878K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a dramatic decrease. Imports peaked at 1.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, garden or similar umbrellas imports surged to $5.3M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Garden or Similar Umbrellas in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 4.3 | 4.2 | 5.2 | 6.5% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 4.5 | 4.4 | 4.3 | 5.3 | 5.6% |
Top Suppliers of Garden or Similar Umbrellas to India in 2022:
- China (865.4K units)
Exports of Garden or Similar Umbrellas in India
In 2022, the amount of garden or similar umbrellases exported from India declined dramatically to 120K units, waning by -16% on 2021 figures. Over the period under review, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of 143K units, and then reduced rapidly in the following year.
In value terms, garden or similar umbrellas exports amounted to $571K in 2022. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the maximum at $809K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Garden or Similar Umbrellas in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.1 | 43.2 | 61.3 | 123 | 40.8% |
| Bhutan | 18.8 | 23.1 | 107 | 102 | 75.7% |
| France | 0.6 | 0.2 | 1.4 | 63.9 | 374.0% |
| United Kingdom | 427 | 53.5 | 59.9 | 50.9 | -50.8% |
| South Africa | 30.9 | 62.2 | 68.8 | 46.5 | 14.6% |
| Nepal | 57.2 | 20.1 | 30.5 | 35.3 | -14.9% |
| Spain | 6.1 | 3.3 | 11.1 | 22.4 | 54.3% |
| United Arab Emirates | 77.5 | 3.3 | 5.6 | 21.0 | -35.3% |
| Chile | 4.3 | 3.0 | 13.6 | 13.8 | 47.5% |
| Canada | 1.2 | 0.9 | 7.5 | 13.3 | 123.0% |
| Nigeria | 1.2 | 1.8 | 6.6 | 11.0 | 109.3% |
| Tanzania | 1.4 | N/A | 6.1 | 8.1 | 79.5% |
| Kenya | 0.1 | 0.6 | 0.1 | 3.5 | 227.1% |
| Others | 139 | 207 | 149 | 55.7 | -26.3% |
| Total | 809 | 422 | 528 | 571 | -11.0% |
Top Export Markets for Garden or Similar Umbrellas from India in 2022:
- South Africa (26.5K units)
- Bhutan (18.7K units)
- United States (10.4K units)
- United Arab Emirates (9.0K units)
- Nepal (8.6K units)
- United Kingdom (7.1K units)
- Chile (6.8K units)
- France (4.6K units)
- Nigeria (4.1K units)
- Tanzania (2.9K units)
- Spain (2.9K units)
- Canada (2.4K units)
- Kenya (1.9K units)
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