Price for Garden or Similar Umbrellas in South Korea - 2022
Contents:
- Price for Garden or Similar Umbrellas in South Korea (CIF) - 2022
- Price for Garden or Similar Umbrellas in South Korea (FOB) - 2022
- Imports of Garden or Similar Umbrellas in South Korea
- Exports of Garden or Similar Umbrellas in South Korea
Price for Garden or Similar Umbrellas in South Korea (CIF) - 2022
The average garden or similar umbrellas import price stood at $52 per unit in 2022, surging by 44% against the previous year. Overall, the import price enjoyed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($52 per unit), while the price for Bangladesh stood at $52 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+44.3%).
Price for Garden or Similar Umbrellas in South Korea (FOB) - 2022
The average garden or similar umbrellas export price stood at $64 per unit in 2022, with a decrease of -28.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 192% against the previous year. Over the period under review, the average export prices attained the peak figure at $91 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($93 per unit), while the average price for exports to Democratic Republic of the Congo ($9.5 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 Japan (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Garden or Similar Umbrellas in South Korea
After three years of growth, purchases abroad of garden or similar umbrellases decreased by -26.6% to 271K units in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% 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 +23.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of 369K units, and then shrank notably in the following year.
In value terms, garden or similar umbrellas imports rose rapidly to $14M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Garden or Similar Umbrellas in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 8.3 | 12.6 | 13.6 | 26.6% |
| Bangladesh | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Myanmar | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Others | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Total | 7.1 | 8.8 | 13.4 | 14.1 | 25.7% |
Top Suppliers of Garden or Similar Umbrellas to South Korea in 2022:
- China (260.4K units)
- Bangladesh (7.0K units)
Exports of Garden or Similar Umbrellas in South Korea
In 2022, approx. 1.1K units of garden or similar umbrellases were exported from South Korea; which is down by -11.2% compared with 2021 figures. Over the period under review, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 471%. As a result, the exports attained the peak of 1.2K units, and then contracted in the following year.
In value terms, garden or similar umbrellas exports dropped notably to $69K in 2022. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 460% against the previous year. As a result, the exports reached the peak of $110K, and then shrank remarkably in the following year.
| Export of Garden or Similar Umbrellas in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 0.3 | 0.8 | 43.7 | 1106.9% |
| Japan | 3.0 | 2.0 | 4.4 | 9.9 | 48.9% |
| Mongolia | 1.1 | N/A | N/A | 6.6 | 81.7% |
| Nigeria | N/A | N/A | 0.6 | 3.7 | 516.7% |
| Philippines | 3.8 | 3.0 | N/A | 2.8 | -9.7% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 1.1 | 0% |
| Singapore | 0.5 | N/A | N/A | 0.5 | 0.0% |
| United States | 26.7 | 4.1 | 0.7 | 0.4 | -75.3% |
| China | 11.4 | N/A | 1.3 | 0.1 | -79.4% |
| Hong Kong SAR | 33.6 | N/A | N/A | N/A | 0% |
| Vietnam | 11.7 | N/A | 1.3 | N/A | -66.7% |
| Papua New Guinea | N/A | N/A | 81.0 | N/A | 0% |
| Chad | N/A | N/A | 7.2 | N/A | 0% |
| Others | 16.6 | 10.2 | 12.1 | 0.5 | -68.9% |
| Total | 108 | 19.6 | 110 | 69.4 | -13.7% |
Top Export Markets for Garden or Similar Umbrellas from South Korea in 2022:
- Russia (475.0 units)
- Mongolia (244.0 units)
- Democratic Republic of the Congo (120.0 units)
- Japan (107.0 units)
- Philippines (59.0 units)
- Nigeria (45.0 units)
- Singapore (24.0 units)
- United States (4.0 units)
- China (1.0 units)
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