Umbrella Price in South Korea - 2022
Contents:
- Umbrella Price in South Korea (CIF) - 2022
- Umbrella Price in South Korea (FOB) - 2022
- Umbrella Imports in South Korea
- Umbrella Exports in South Korea
Umbrella Price in South Korea (CIF) - 2022
In December 2022, the average umbrella import price amounted to $3.3 per unit, approximately mirroring the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average import price increased by 12% month-to-month. Over the period under review, average import prices attained the peak figure at $3.9 per unit in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Cambodia ($3.5 per unit), while the price for Vietnam ($3.0 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+0.3%), while the prices for the other major suppliers experienced a decline.
Umbrella Price in South Korea (FOB) - 2022
In 2022, the average umbrella export price amounted to $6.4 per unit, shrinking by -9.8% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella export price increased by +22.8% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 45%. Over the period under review, the average export prices hit record highs at $7.6 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($6.6 per unit) and the Philippines ($6.2 per unit), while the average price for exports to Mexico ($5.6 per unit) and Taiwan (Chinese) ($5.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Umbrella Imports in South Korea
After two years of decline, supplies from abroad of umbrellas increased by 12% to 33M units in 2022. In general, imports, however, recorded a pronounced slump. Over the period under review, imports attained the peak figure at 35M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, umbrella imports rose significantly to $119M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Umbrella in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 86.4 | 79.7 | 99.1 | 109 | 8.1% |
| Vietnam | 14.5 | 8.1 | 6.1 | 5.4 | -28.1% |
| Cambodia | 2.1 | 1.6 | 1.1 | 2.2 | 1.6% |
| Others | 2.0 | 2.0 | 2.6 | 2.4 | 6.3% |
| Total | 105 | 91.4 | 109 | 119 | 4.3% |
Top Suppliers of Umbrella to South Korea in 2022:
- China (29.6M units)
- Vietnam (1.8M units)
- Cambodia (0.6M units)
Umbrella Exports in South Korea
In 2022, the amount of umbrellas exported from South Korea amounted to 165K units, surging by 3.5% against 2021. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, umbrella exports declined to $1.1M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, the exports reached the peak of $1.1M, and then dropped in the following year.
| Export of Umbrella in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | 210 | 116 | 250 | 18.3% |
| Japan | 168 | 149 | 244 | 138 | -6.3% |
| United States | 196 | 87.3 | 214 | 120 | -15.1% |
| Vietnam | 120 | 34.1 | 42.6 | 66.8 | -17.7% |
| Hong Kong SAR | 110 | 33.4 | 38.9 | 64.8 | -16.2% |
| Germany | 8.3 | 3.0 | 9.1 | 63.9 | 97.5% |
| Singapore | 31.1 | 10.9 | 19.7 | 49.9 | 17.1% |
| Mexico | 0.1 | 5.3 | 11.9 | 42.3 | 650.7% |
| Philippines | 17.0 | 28.9 | 41.9 | 29.1 | 19.6% |
| Australia | 13.9 | 3.5 | 22.8 | 23.9 | 19.8% |
| Taiwan (Chinese) | 39.9 | 19.3 | 14.5 | 21.1 | -19.1% |
| Thailand | 9.2 | 20.1 | 21.8 | 20.2 | 30.0% |
| Malaysia | 44.2 | 2.5 | 9.0 | 20.0 | -23.2% |
| Others | 115 | 62.3 | 319 | 141 | 7.0% |
| Total | 1,023 | 670 | 1,126 | 1,051 | 0.9% |
Top Export Markets for Umbrella from South Korea in 2022:
- China (42.0K units)
- Japan (21.0K units)
- United States (20.2K units)
- Vietnam (11.2K units)
- Hong Kong SAR (10.6K units)
- Germany (10.4K units)
- Singapore (8.1K units)
- Mexico (7.6K units)
- Philippines (4.7K units)
- Australia (3.9K units)
- Taiwan (Chinese) (3.8K units)
- Thailand (3.4K units)
- Malaysia (3.3K units)
765
This report provides an in-depth analysis of the umbrella and walking-stick market in Republic of Korea.
1351
This report provides an in-depth analysis of the global umbrella market.
3475
This report provides an in-depth analysis of the global umbrella and walking-stick market.
395
This report provides an in-depth analysis of the umbrella market in Republic of Korea.
765
This report provides an in-depth analysis of the umbrella and walking-stick market in Republic of Korea.
571
This report provides an in-depth analysis of the global umbrella market.
1351
This report provides an in-depth analysis of the global umbrella market.
3475
This report provides an in-depth analysis of the global umbrella and walking-stick market.
4157
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 ...
3882
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 ...
4435
From 2007 to 2014, the global umbrella market showed mixed dynamics. A significant drop in 2008-2009 was followed by a sharp increase in 2010-2011, until the market plunged again by X% in 2012.
2255
China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
4157
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 ...
3882
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 ...
4435
From 2007 to 2014, the global umbrella market showed mixed dynamics. A significant drop in 2008-2009 was followed by a sharp increase in 2010-2011, until the market plunged again by X% in 2012.
2255
China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
