Umbrella Price in Indonesia - 2022

Contents:

  1. Umbrella Price in Indonesia (CIF) - 2022
  2. Umbrella Price in Indonesia (FOB) - 2022
  3. Umbrella Imports in Indonesia
  4. Umbrella Exports in Indonesia

Umbrella Price in Indonesia (CIF) - 2022

The average umbrella import price stood at $4.0 per unit in March 2022, growing by 2.5% against the previous month. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in February 2022 an increase of 394% m-o-m. The import price peaked in March 2022.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was China ($4.0 per unit), while the price for Singapore amounted to $3.9 per unit.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.4%).

Umbrella Price in Indonesia (FOB) - 2022

The average umbrella export price stood at $27 per unit in 2022, increasing by 21% against the previous year. In general, the export price posted prominent growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 165% against the previous year. The export price peaked at $37 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($54 per unit), while the average price for exports to Bangladesh ($1.2 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 New Zealand (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports in Indonesia

For the third consecutive year, Indonesia recorded decline in supplies from abroad of umbrellas, which decreased by -29.3% to 3.4M units in 2022. Overall, imports saw a abrupt downturn. The smallest decline of -9.4% was in 2021. Over the period under review, imports reached the peak figure at 6.1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella imports rose remarkably to $21M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Umbrella in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18.717.219.320.63.3%
Others0.40.20.50.57.7%
Total19.117.419.821.23.5%

Top Suppliers of Umbrella to Indonesia in 2022:

  1. China (3.2M units)

Umbrella Exports in Indonesia

In 2022, umbrella exports from Indonesia dropped to 68K units, with a decrease of -12.7% compared with the previous year. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. As a result, the exports reached the peak of 78K units, and then reduced in the following year.

In value terms, umbrella exports expanded significantly to $1.8M in 2022. The total export value increased at an average annual rate of +4.5% 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 41%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Umbrella in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States28815737249419.7%
Belgium43.455.842.196.030.3%
United Kingdom13472.885.681.3-15.3%
France17.312.49.859.751.1%
Netherlands35.632.042.057.817.5%
Australia14.416.119.055.356.6%
Spain26.628.818.644.218.4%
Turkey17.19.524.040.633.4%
Singapore16.512.911.327.118.0%
Maldives19.82.321.522.23.9%
United Arab Emirates17.39.918.515.6-3.4%
Bangladesh13.511.513.210.1-9.2%
Others9497911,036813-5.0%
Total1,5921,2121,7141,8164.5%

Top Export Markets for Umbrella from Indonesia in 2022:

  1. United States (21.9K units)
  2. Bangladesh (8.7K units)
  3. Singapore (3.8K units)
  4. France (3.5K units)
  5. Netherlands (3.2K units)
  6. Australia (2.6K units)
  7. Turkey (2.2K units)
  8. Belgium (2.2K units)
  9. Spain (1.8K units)
  10. United Kingdom (1.5K units)
  11. Maldives (1.3K units)
  12. United Arab Emirates (1.1K units)

Source: IndexBox Market Intelligence Platform

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