Price for Garden or Similar Umbrellas in Bangladesh - 2022

Contents:

  1. Price for Garden or Similar Umbrellas in Bangladesh (FOB) - 2022
  2. Price for Garden or Similar Umbrellas in Bangladesh (CIF) - 2022
  3. Exports of Garden or Similar Umbrellas in Bangladesh
  4. Imports of Garden or Similar Umbrellas in Bangladesh

Price for Garden or Similar Umbrellas in Bangladesh (FOB) - 2022

The average garden or similar umbrellas export price stood at $117 per unit in 2022, which is down by -28.9% against the previous year. In general, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35% against the previous year. The export price peaked at $192 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($132 per unit), while the average price for exports to the UK ($66 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 Poland (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Garden or Similar Umbrellas in Bangladesh (CIF) - 2022

In 2022, the average garden or similar umbrellas import price amounted to $12 per unit, increasing by 11% against the previous year. Overall, the import price recorded a significant increase. The growth pace was the most rapid in 2016 when the average import price increased by 117% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14 per unit), while the price for Hong Kong SAR ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Garden or Similar Umbrellas in Bangladesh

In 2022, overseas shipments of garden or similar umbrellases were finally on the rise to reach 46K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, garden or similar umbrellas exports surged to $5.4M in 2022. In general, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Garden or Similar Umbrellas in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada3,8844,9972,0814,1111.9%
GermanyN/AN/AN/A5210%
Czech Republic10115621918221.7%
Poland26.47.249.512467.5%
United Kingdom32.959.396.466.226.2%
Others22.514.3248445170.4%
Total4,0675,2342,6945,44910.2%

Top Export Markets for Umbrellas and Sun Umbrellas; Garden or Similar Umbrellas from Bangladesh in 2022:

  1. Canada (38.7K units)
  2. Germany (3.9K units)
  3. Czech Republic (1.5K units)
  4. Poland (1.0K units)
  5. United Kingdom (1.0K units)

Imports of Garden or Similar Umbrellas in Bangladesh

After three years of growth, supplies from abroad of garden or similar umbrellases decreased by -19.5% to 38K units in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 62% against the previous year. Imports peaked at 47K units in 2021, and then fell sharply in the following year.

In value terms, garden or similar umbrellas imports dropped to $461K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. Imports peaked at $516K in 2021, and then fell in the following year.

Import of Garden or Similar Umbrellas in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China21737050344326.9%
Hong Kong SAR7.18.810.612.721.4%
Singapore7.04.11.22.3-31.0%
Others0.72.51.33.774.2%
Total23238651646125.7%

Top Suppliers of Umbrellas and Sun Umbrellas; Garden or Similar Umbrellas to Bangladesh in 2022:

  1. China (31.6K units)
  2. Hong Kong SAR (5.5K units)
  3. Singapore (0.3K units)
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