Umbrella Price in Sri Lanka - 2021
Contents:
- Umbrella Price in Sri Lanka (FOB) - 2022
- Umbrella Price in Sri Lanka (CIF) - 2022
- Umbrella Exports in Sri Lanka
- Umbrella Imports in Sri Lanka
Umbrella Price in Sri Lanka (FOB) - 2022
In 2022, the average umbrella export price amounted to $4.5 per unit, stabilizing at the previous year. Over the period under review, the export price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 29%. The export price peaked at $23 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($16 per unit), while the average price for exports to the UK ($2.5 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 Seychelles (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Umbrella Price in Sri Lanka (CIF) - 2022
In 2022, the average umbrella import price amounted to $2.8 per unit, with a decrease of -38.7% against the previous year. Overall, the import price recorded a mild descent. The pace of growth appeared the most rapid in 2018 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $6.5 per unit in 2020; however, from 2021 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 Vietnam ($4.3 per unit), while the price for India ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Umbrella Exports in Sri Lanka
In 2022, umbrella exports from Sri Lanka skyrocketed to 174K units, rising by 34% compared with 2021. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, umbrella exports soared to $786K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Umbrella in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 105 | 142 | 160 | 291 | 40.5% |
| United Kingdom | 144 | 215 | 183 | 180 | 7.7% |
| India | 4.7 | 10.4 | 20.2 | 105 | 181.6% |
| Germany | 28.8 | 28.0 | 77.0 | 61.4 | 28.7% |
| Australia | 3.1 | 9.7 | 0.8 | 45.8 | 145.4% |
| Turkey | 7.0 | 2.6 | 14.3 | 35.0 | 71.0% |
| United States | 8.9 | 6.1 | 1.8 | 27.5 | 45.7% |
| Spain | N/A | 29.2 | N/A | N/A | 0% |
| Sierra Leone | 24.2 | 38.1 | 30.0 | N/A | 11.3% |
| Austria | 24.6 | N/A | 0.1 | N/A | -93.6% |
| Others | 103 | 104 | 93.6 | 40.2 | -26.9% |
| Total | 453 | 585 | 580 | 786 | 20.2% |
Top Export Markets for Umbrella from Sri Lanka in 2022:
- United Kingdom (72.7K units)
- India (38.8K units)
- Germany (22.0K units)
- Maldives (17.7K units)
- Australia (8.2K units)
- United States (4.8K units)
- Turkey (4.6K units)
Umbrella Imports in Sri Lanka
In 2022, purchases abroad of umbrellas decreased by -48.7% to 73K units for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports attained the peak of 143K units, and then fell rapidly in the following year.
In value terms, umbrella imports declined markedly to $202K in 2022. Over the period under review, imports faced a sharp contraction. The growth pace was the most rapid in 2020 when imports increased by 20% against the previous year. Imports peaked at $643K in 2021, and then fell dramatically in the following year.
| Import of Umbrella in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 400 | 357 | 365 | 158 | -26.6% |
| India | 2.6 | 1.9 | 3.7 | 3.4 | 9.4% |
| Others | 101 | 245 | 275 | 40.3 | -26.4% |
| Total | 504 | 604 | 643 | 202 | -26.3% |
Top Suppliers of Umbrella to Sri Lanka in 2022:
- China (69.5K units)
- India (2.5K units)
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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
4159
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
976
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 ...
3888
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 ...
4438
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.
2258
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
