Cote d'Ivoire: Umbrella Market 2024

Umbrella Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's umbrella market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a mild curtailment. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Umbrella Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of umbrellas was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt setback. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, umbrella exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X units) was the main destination for umbrella exports from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, umbrella exports to Mali exceeded the volume sent to the second major destination, Guinea-Bissau (X units), fourfold. The third position in this ranking was taken by Guinea (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea-Bissau (X% per year) and Guinea (X% per year).

In value terms, Mali ($X) emerged as the key foreign market for umbrellas exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with an X% share of total exports. It was followed by Guinea-Bissau, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mali stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (X% per year) and Guinea-Bissau (X% per year).

Export Prices by Country

The average umbrella export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($X per unit), while the average price for exports to Guinea-Bissau ($X 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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports

Imports into Cote d'Ivoire

In 2022, supplies from abroad of umbrellas decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, umbrella imports shrank sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella to Cote d'Ivoire, with a X% share of total imports. Moreover, umbrella imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Turkey (X% per year).

Import Prices by Country

The average umbrella import price stood at $X per unit in 2022, growing by X% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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