Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar - 2023

Contents:

  1. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar (CIF) - 2022
  2. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar (FOB) - 2022
  3. Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar
  4. Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar (CIF) - 2022

The average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $0.5 per unit in 2022, dropping by -30.5% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 45% against the previous year. Over the period under review, average import prices attained the maximum at $0.7 per unit in 2021, and then contracted remarkably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.6% per year.

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar (FOB) - 2022

The average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $1.2 per unit in 2022, shrinking by -46.2% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 138%. Over the period under review, the average export prices reached the peak figure at $7.4 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($1.8 per unit), while the average price for exports to South Korea stood at $1.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+63.9%), while the prices for the other major destinations experienced a decline.

Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar

In 2022, purchases abroad of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s was finally on the rise to reach 9.4M units after two years of decline. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s surged to $4.7M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.62.01.24.620.9%
Others0.10.1N/A0.10.0%
Total2.62.01.24.721.8%

Top Suppliers of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) to Myanmar in 2022:

  1. China (9.2M units)

Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar

In 2022, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s from Myanmar skyrocketed to 1.3M units, picking up by 71% compared with 2021. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s dropped to $1.6M in 2022. In general, exports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 2.8%. As a result, the exports attained the peak of $1.7M, and then reduced in the following year.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1,2841,3941,5811,5205.8%
Taiwan (Chinese)76.028211135.6-22.3%
Hong Kong SAR2155.8N/AN/A-97.3%
Others85.38.546.046.9-18.1%
Total1,6601,6911,7371,602-1.2%

Top Export Markets for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) from Myanmar in 2022:

  1. South Korea (1260.4K units)
  2. Taiwan (Chinese) (19.5K units)
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