Price for Garden or Similar Umbrellas in Mexico - 2023

Contents:

  1. Price for Garden or Similar Umbrellas in Mexico (CIF) - 2023
  2. Price for Garden or Similar Umbrellas in Mexico (FOB) - 2023
  3. Imports of Garden or Similar Umbrellas in Mexico
  4. Exports of Garden or Similar Umbrellas in Mexico

Price for Garden or Similar Umbrellas in Mexico (CIF) - 2023

The average garden or similar umbrellas import price stood at $16.5 per unit in August 2023, surging by 73% against the previous month. Overall, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 762% against the previous month. As a result, import price reached the peak level of $37.3 per unit. From November 2022 to August 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From August 2022 to August 2023, the rate of growth in terms of prices for China amounted to +7.3% per month.

Price for Garden or Similar Umbrellas in Mexico (FOB) - 2023

The average garden or similar umbrellas export price stood at $215 per unit in August 2023, picking up by 41% against the previous month. Overall, the export price enjoyed temperate growth. The pace of growth appeared the most rapid in January 2023 an increase of 327% m-o-m. The export price peaked in August 2023.

As there is only one major export destination, the average price level is determined by prices for the United States.

From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +3.9% per month.

Imports of Garden or Similar Umbrellas in Mexico

In 2022, garden or similar umbrellas imports into Mexico surged to 612K units, increasing by 23% against 2021. Over the period under review, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked at 676K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, garden or similar umbrellas imports soared to $16M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Garden or Similar Umbrellas in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.36.29.012.510.4%
Others2.52.11.03.17.4%
Total11.98.310.015.69.4%

Top Suppliers of Garden or Similar Umbrellas to Mexico in 2022:

  1. China (605.7K units)

Exports of Garden or Similar Umbrellas in Mexico

In 2022, overseas shipments of garden or similar umbrellases were finally on the rise to reach 15K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep contraction. Over the period under review, the exports hit record highs at 21K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, garden or similar umbrellas exports stood at $1.2M in 2022. In general, exports, however, saw a deep reduction. Over the period under review, the exports attained the peak figure at $2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Garden or Similar Umbrellas in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.91.21.21.2-14.2%
GuatemalaN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total2.01.31.21.2-15.7%

Top Export Markets for Garden or Similar Umbrellas from Mexico in 2022:

  1. United States (11.7K units)
  2. Guatemala (2.8K units)
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