Walking-Sticks And Whips Market

The article delves into the dynamic market for walking-sticks, seat-sticks, whips, and riding-crops, projecting an upward consumption trend in the coming years. Forecasts indicate a significant increase in market volume and value, driven by factors such as rising demand and production. Key findings include the leading countries in terms of consumption and production, with China emerging as a major player in exports. Insights into import prices, export trends, and growth rates provide a comprehensive overview of the global market landscape for these niche products.

Market Forecast

Driven by increasing demand for walking-sticks, seat-sticks, whips and riding-crops worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 61M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $468M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Walking-Sticks, Seat-Sticks, Whips And Riding-Crops

In 2022, consumption of walking-sticks, seat-sticks, whips and riding-crops was finally on the rise to reach 53M units for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed a relatively flat trend pattern. Global consumption peaked at 61M units in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

The global walking-sticks and whips market size skyrocketed to $331M in 2022, rising by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (12M units), China (9.3M units) and the Czech Republic (6.1M units), with a combined 53% share of global consumption. Japan, South Korea, the UK, Russia, Germany, France, Italy and Pakistan lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by France (with a CAGR of +25.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest walking-sticks and whips markets worldwide were the Czech Republic ($76M), the United States ($59M) and China ($32M), with a combined 50% share of the global market. Japan, South Korea, Germany, the UK, France, Italy, Russia and Pakistan lagged somewhat behind, together accounting for a further 26%.

France, with a CAGR of +29.2%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of walking-sticks and whips per capita consumption was registered in the Czech Republic (571 units per 1000 persons), followed by the United States (37 units per 1000 persons), the UK (28 units per 1000 persons) and Japan (26 units per 1000 persons), while the world average per capita consumption of walking-sticks and whips was estimated at 0.1 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the walking-sticks and whips per capita consumption in the Czech Republic amounted to +19.8%. In the other countries, the average annual rates were as follows: the United States (+8.1% per year) and the UK (+2.0% per year).

Production

World Production of Walking-Sticks, Seat-Sticks, Whips And Riding-Crops

In 2022, global walking-sticks and whips production rose rapidly to 79M units, picking up by 8.9% compared with the previous year's figure. Overall, production, however, saw a relatively flat trend pattern. Over the period under review, global production attained the maximum volume at 84M units in 2015; however, from 2016 to 2022, production failed to regain momentum.

In value terms, walking-sticks and whips production totaled $336M in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 13%. As a result, production attained the peak level of $346M. From 2021 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of walking-sticks and whips production was China (59M units), accounting for 75% of total volume. Moreover, walking-sticks and whips production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (8.6M units), sevenfold.

In China, walking-sticks and whips production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Taiwan (Chinese) (+1.5% per year) and the Czech Republic (+0.2% per year).

Imports

World Imports of Walking-Sticks, Seat-Sticks, Whips And Riding-Crops

In 2022, approx. 43M units of walking-sticks, seat-sticks, whips and riding-crops were imported worldwide; growing by 16% against the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 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 with an increase of 35% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, walking-sticks and whips imports rose rapidly to $280M in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports By Country

In 2022, the United States (13M units) was the main importer of walking-sticks, seat-sticks, whips and riding-crops, constituting 29% of total imports. Japan (3.2M units) held a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by Germany (6.2%) and South Korea (5.2%). The UK (1.9M units), France (1.7M units), Russia (1.5M units), the Netherlands (1.4M units), Spain (1.4M units), Canada (1.2M units), Italy (0.9M units) and Belgium (0.8M units) took a relatively small share of total imports.

The United States was also the fastest-growing in terms of the walking-sticks, seat-sticks, whips and riding-crops imports, with a CAGR of +8.2% from 2012 to 2022. At the same time, Spain (+7.3%), Belgium (+6.5%), South Korea (+6.5%), the Netherlands (+4.1%), Russia (+3.7%), Canada (+2.5%), Italy (+2.4%), the UK (+2.2%) and Japan (+1.6%) displayed positive paces of growth. By contrast, Germany (-3.6%) and France (-3.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($61M) constitutes the largest market for imported walking-sticks, seat-sticks, whips and riding-crops worldwide, comprising 22% of global imports. The second position in the ranking was held by Germany ($30M), with an 11% share of global imports. It was followed by Japan, with a 7.1% share.

In the United States, walking-sticks and whips imports increased at an average annual rate of +9.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Japan (+2.6% per year).

Import Prices By Country

In 2022, the average walking-sticks and whips import price amounted to $6.4 per unit, shrinking by -6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $7.1 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($11 per unit), while Russia ($3.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Walking-Sticks, Seat-Sticks, Whips And Riding-Crops

Global walking-sticks and whips exports rose significantly to 69M units in 2022, surging by 12% compared with the previous year. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, the global exports attained the peak figure at 78M units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, walking-sticks and whips exports soared to $385M in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +110.1% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

China was the major exporter of walking-sticks, seat-sticks, whips and riding-crops in the world, with the volume of exports resulting at 50M units, which was near 72% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (9.2M units), committing a 13% share of total exports. The Netherlands (2.4M units), Germany (1.3M units) and the Czech Republic (1.1M units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the walking-sticks, seat-sticks, whips and riding-crops exports, with a CAGR of +5.4% from 2012 to 2022. At the same time, the Netherlands (+4.1%) and Taiwan (Chinese) (+1.8%) displayed positive paces of growth. By contrast, Germany (-11.7%) and the Czech Republic (-16.0%) illustrated a downward trend over the same period. China (+23 p.p.) significantly strengthened its position in terms of the global exports, while Germany and the Czech Republic saw its share reduced by -5.4% and -9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($226M) remains the largest walking-sticks and whips supplier worldwide, comprising 59% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($58M), with a 15% share of global exports. It was followed by the Czech Republic, with an 8.2% share.

In China, walking-sticks and whips exports increased at an average annual rate of +8.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.9% per year) and the Czech Republic (+4.9% per year).

Export Prices By Country

In 2022, the average walking-sticks and whips export price amounted to $5.5 per unit, picking up by 5.2% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, walking-sticks and whips export price increased by +82.3% against 2014 indices. The most prominent rate of growth was recorded in 2020 an increase of 19%. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($28 per unit), while China ($4.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+24.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform