Market Size for Umbrellas in Australia - 2022

Umbrella Consumption in Australia - 2022

In 2022, consumption of umbrellas increased by 42% to 8.5M units, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated a strong expansion from 2017 to 2022: its volume increased at an average annual rate of +6.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +105.9% against 2020 indices. Umbrella consumption peaked in 2022 and is likely to see steady growth in years to come.

The revenue of the umbrella market in Australia soared to $58M in 2022, picking up by 18% 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). In general, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Source: IndexBox Market Intelligence Platform

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Free Data: Umbrellas - Australia