Umbrella Price in Brazil - 2023

Contents:

  1. Umbrella Price in Brazil (CIF) - 2023
  2. Umbrella Price in Brazil (FOB) - 2022
  3. Umbrella Imports in Brazil
  4. Umbrella Exports in Brazil

Umbrella Price in Brazil (CIF) - 2023

The average umbrella import price stood at $674 per thousand units in July 2023, surging by 27% against the previous month. Overall, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in September 2022 an increase of 42% m-o-m. As a result, import price attained the peak level of $1.2 per unit. From October 2022 to July 2023, the average 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 July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -2.8% per month.

Umbrella Price in Brazil (FOB) - 2022

In 2022, the average umbrella export price amounted to $13 per unit, with an increase of 14% against the previous year. Over the period under review, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $28 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($13 per unit), while the average price for exports to Argentina ($9.2 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 Paraguay (-0.3%), while the prices for the other major destinations experienced a decline.

Umbrella Imports in Brazil

In 2022, overseas purchases of umbrellas increased by 110% to 49M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a mild decline. Over the period under review, imports hit record highs at 51M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, umbrella imports surged to $46M in 2022. Overall, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Umbrella in Brazil (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China35.322.923.045.18.5%
Others0.40.40.50.720.5%
Total35.623.323.545.98.8%

Top Suppliers of Umbrella to Brazil in 2022:

  1. China (48.3M units)

Umbrella Exports in Brazil

Umbrella exports from Brazil was estimated at 39K units in 2022, approximately mirroring 2021 figures. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 84%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, umbrella exports stood at $506K in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Export of Umbrella in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina11096.518222526.9%
Uruguay17.245.788.410783.9%
Paraguay31.520.634.425.4-6.9%
Others64.211413614832.1%
Total22327744150631.4%

Top Export Markets for Umbrella from Brazil in 2022:

  1. Argentina (24.6K units)
  2. Uruguay (8.2K units)
  3. Paraguay (2.1K units)

Source: IndexBox Market Intelligence Platform

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