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

Contents:

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

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

In December 2022, the average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s amounted to $10.4 per unit, increasing by 52% against the previous month. Over the period from January 2022 to December 2022, it increased at an average monthly rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to China ($6.4 per unit) and the Philippines ($5.7 per unit), while the average price for exports to South Korea ($5.2 per unit) and Spain ($5.7 per unit) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $3.7 per unit in December 2022, shrinking by -1.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 9.1% against the previous month. The import price peaked at $4.0 per unit in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.

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

From January 2022 to December 2022, the rate of growth in terms of prices for China amounted to +0.1% per month.

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

Exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s from Vietnam contracted to 1.3M units in 2022, declining by -7.6% on the previous year. Over the period under review, exports faced a dramatic descent. Over the period under review, the exports of reached the maximum at 3.2M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s declined to $9.9M in 2022. In general, exports saw a deep reduction. The exports peaked at $19M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea15.38.26.05.3-29.8%
United States1.11.12.43.344.2%
Japan1.33.01.30.1-57.5%
Others1.20.91.21.20.0%
Total18.913.110.89.9-19.4%

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

  1. South Korea (1035.0K units)
  2. United States (209.8K units)
  3. Japan (15.8K units)

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s, when their volume increased by 50% to 2.6M units. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 $9.8M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +63.0% against 2019 indices. As a result, imports attained 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 Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.76.56.09.619.0%
Thailand0.20.10.1N/A-29.3%
Others0.20.10.20.20.0%
Total6.06.86.39.817.8%

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

  1. China (2547.9K units)
  2. Thailand (11.6K units)
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