Umbrella Price in Canada - 2023

Umbrella Price in Canada (CIF) - 2023

The average umbrella import price stood at $6.3 per unit in June 2023, remaining relatively unchanged against the previous month. Over the period under review, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 73% against the previous month. Over the period under review, average import prices reached the peak figure at $11.9 per unit in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Bangladesh ($20.2 per unit), while the price for China ($5.6 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (0.0%), while the prices for the other major suppliers experienced a decline.

Umbrella Price in Canada (FOB) - 2023

In June 2023, the average umbrella export price amounted to $16.9 per unit, rising by 13% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 80% against the previous month. Over the period under review, the average export prices reached the maximum at $17.8 per unit in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.3% per month.

Umbrella Imports in Canada

After two years of decline, overseas purchases of umbrellas increased by 37% to 9.3M units in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at 9.4M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella imports amounted to $98M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Umbrella in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	67.0	57.0	78.9	87.9	9.5%
United States	2.8	2.7	3.4	4.9	20.5%
Bangladesh	4.1	5.2	2.4	3.5	-5.1%
Others	1.6	1.6	1.9	2.0	7.7%
Total	75.5	66.6	86.5	98.3	9.2%

Top Suppliers of Umbrella to Canada in 2022:

China (8.7M units)
United States (0.3M units)
Bangladesh (0.1M units)

Umbrella Exports in Canada

In 2022, the amount of umbrellas exported from Canada fell to 147K units, with a decrease of -6.3% against 2021. Over the period under review, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. As a result, the exports reached the peak of 157K units, and then fell in the following year.

In value terms, umbrella exports expanded remarkably to $3.2M in 2022. The total export value increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.