Umbrella Price in China - 2023
Contents:
- Umbrella Price in China (FOB) - 2023
- Umbrella Price in China (CIF) - 2022
- Umbrella Exports in China
- Umbrella Imports in China
Umbrella Price in China (FOB) - 2023
The average umbrella export price stood at $2.6 per unit in June 2023, which is down by -6.5% against the previous month. Overall, the export price continues to indicate a mild shrinkage. The growth pace was the most rapid in December 2022 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices reached the maximum at $4.7 per unit in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4.3 per unit), while the average price for exports to Brazil ($1.5 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.6%), while the prices for the other major destinations experienced a decline.
Umbrella Price in China (CIF) - 2022
In 2022, the average umbrella import price amounted to $4.1 per unit, reducing by -32.9% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. Over the period under review, average import prices reached the maximum at $10 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($35 per unit), while the price for South Korea ($2.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Umbrella Exports in China
In 2022, the amount of umbrellas exported from China surged to 803M units, rising by 113% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, umbrella exports skyrocketed to $3.1B in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Umbrella in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 459 | 400 | 572 | 620 | 10.5% |
| South Korea | 119 | 127 | 185 | 201 | 19.1% |
| Japan | 207 | 170 | 164 | 188 | -3.2% |
| Philippines | 139 | 61.9 | 88.9 | 179 | 8.8% |
| Germany | 112 | 115 | 168 | 135 | 6.4% |
| Brazil | 98.0 | 55.3 | 41.6 | 100 | 0.7% |
| Netherlands | 75.6 | 60.2 | 92.6 | 86.7 | 4.7% |
| United Kingdom | 77.6 | 62.7 | 99.3 | 86.5 | 3.7% |
| Italy | 69.7 | 53.0 | 68.0 | 85.6 | 7.1% |
| Indonesia | 42.0 | 45.8 | 52.8 | 79.7 | 23.8% |
| Thailand | 79.7 | 70.5 | 60.9 | 77.4 | -1.0% |
| Mexico | 48.8 | 28.1 | 33.9 | 59.3 | 6.7% |
| India | 53.6 | 30.5 | 28.9 | 55.1 | 0.9% |
| Others | 885 | 750 | 901 | 1,108 | 7.8% |
| Total | 2,467 | 2,030 | 2,558 | 3,062 | 7.5% |
Top Export Markets for Umbrella from China in 2022:
- United States (79.9M units)
- Philippines (65.8M units)
- Japan (60.3M units)
- Brazil (57.9M units)
- South Korea (51.1M units)
- Indonesia (40.0M units)
- Germany (28.3M units)
- India (24.1M units)
- Mexico (23.9M units)
- Thailand (21.9M units)
- Netherlands (19.0M units)
- Italy (18.3M units)
- United Kingdom (16.3M units)
Umbrella Imports in China
In 2022, purchases abroad of umbrellas was finally on the rise to reach 657K units after two years of decline. Overall, imports, however, saw a deep downturn. Imports peaked at 1.2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, umbrella imports soared to $2.7M in 2022. Over the period under review, imports, however, showed a deep reduction. Imports peaked at $3.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Umbrella in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 1,016 | 220 | 247 | 1,073 | 1.8% |
| Italy | 456 | 163 | 281 | 429 | -2.0% |
| Japan | 742 | 177 | 36.9 | 306 | -25.6% |
| United Kingdom | 252 | 56.3 | 115 | 196 | -8.0% |
| United States | 175 | 46.1 | 56.1 | 86.7 | -20.9% |
| South Korea | 31.1 | 4.9 | 14.5 | 67.7 | 29.6% |
| Austria | 121 | 2.2 | 27.7 | 18.7 | -46.3% |
| India | 163 | 0.1 | 0.1 | 0.1 | -91.5% |
| Others | 696 | 221 | 450 | 510 | -9.8% |
| Total | 3,652 | 891 | 1,228 | 2,688 | -9.7% |
Top Suppliers of Umbrella to China in 2022:
- Cambodia (445.2K units)
- Japan (104.9K units)
- South Korea (32.3K units)
- Italy (12.4K units)
- United Kingdom (10.8K units)
- Austria (4.5K units)
- United States (3.3K units)
- India (0.1K units)
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4156
In 2016, the umbrella market amounted to X units. Over the past two years, consumption increased slightly, after experiencing a mild downturn over the previous four year period. Previously, the market recovered with tangible growth, following the si
974
In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
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In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
