Price for Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines - 2023
Contents:
- Price for Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines (CIF) - 2023
- Price for Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines (FOB) - 2022
- Imports of Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines
- Exports of Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines
Price for Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines (CIF) - 2023
The average import price for umbrellas having a telescopic shaft (excluding garden umbrellas)s stood at $1.3 per unit in September 2023, surging by 40% against the previous month. Over the period under review, import price indicated a tangible expansion from November 2022 to September 2023: its price increased at an average monthly rate of +4.1% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for umbrellas having a telescopic shaft (excluding garden umbrellas)s increased by +132.7% against June 2023 indices. The pace of growth was the most pronounced in July 2023 when the average import price increased by 117% month-to-month. The import price peaked in September 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to September 2023, the rate of growth in terms of prices for China amounted to +4.1% per month.
Price for Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines (FOB) - 2022
The average export price for umbrellas having a telescopic shaft (excluding garden umbrellas)s stood at $0.7 per unit in 2022, reducing by -68.3% against the previous year. Overall, the export price faced a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 174%. Over the period under review, the average export prices attained the peak figure at $3 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($0.8 per unit), while the average price for exports to Guam stood at $0.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-2.1%).
Imports of Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines
In 2022, the amount of umbrellas having a telescopic shaft (excluding garden umbrellas)s imported into the Philippines fell remarkably to 3.6M units, with a decrease of -23.9% against the previous year. Over the period under review, imports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, imports of reached the maximum at 8M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of umbrellas having a telescopic shaft (excluding garden umbrellas)s skyrocketed to $3.2M in 2022. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Imports peaked at $5.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 1.9 | 2.7 | 3.2 | -17.5% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 5.9 | 2.0 | 2.7 | 3.2 | -18.4% |
Top Suppliers of Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) to the Philippines in 2022:
- China (3.6M units)
Exports of Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines
After two years of decline, shipments abroad of umbrellas having a telescopic shaft (excluding garden umbrellas)s increased by 297% to 928 units in 2022. In general, exports, however, recorded a dramatic contraction. Over the period under review, the exports of attained the peak figure at 349K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of umbrellas having a telescopic shaft (excluding garden umbrellas)s surged to $692 in 2022. Overall, exports, however, continue to indicate a dramatic slump. The exports peaked at $452K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guam | N/A | N/A | N/A | 0.5 | 0% |
| Hong Kong SAR | 444 | 152 | N/A | 0.2 | -92.3% |
| Others | 8.3 | 1.8 | 0.6 | N/A | -73.1% |
| Total | 452 | 153 | 0.6 | 0.7 | -88.4% |
Top Export Markets for Umbrellas Having A Telescopic Shaft (Excluding Garden Umbrellas) from the Philippines in 2022:
- Guam (692.0 units)
- Hong Kong SAR (236.0 units)
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In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
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