Market Size for Umbrellas in Brazil - 2022

Umbrella Consumption in Brazil - 2022

In 2022, after two years of decline, there was significant growth in consumption of umbrellas, when its volume increased by 110% to 48M units. In general, consumption, however, continues to indicate a noticeable descent. Umbrella consumption peaked at 56M units in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

The size of the umbrella market in Brazil surged to $42M in 2022, jumping by 98% 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). Overall, the total consumption indicated a perceptible increase from 2017 to 2022: its value increased at an average annual rate of +3.2% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Source: IndexBox Market Intelligence Platform

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Free Data: Umbrellas - Brazil