In 2023, Spain led the European sold production of umbrellas and sun umbrellas market, followed by Germany and Italy. Notably, Spain observed a substantial growth of 6.63%, while Germany experienced a slight decline of 0.35%. Other countries like Croatia and Bosnia and Herzegovina showcased significant year-on-year increases of 10.23% and 7.1%, respectively. Croatia's growth indicates noteworthy market development potential, while Finland showed an exceptional increase of 56.62%, although from a much smaller base, suggesting emerging demand.
Looking ahead to 2024, market forecasts indicate potential growth in Eastern and Southern European countries like Croatia and Bosnia. However, Germany's established market may stabilize unless revitalized by innovation or shifting consumer preferences. Technological innovations and eco-friendly materials could drive future growth and market diversification, impacting production and country shares.
Top countries in Sold Production of Umbrellas and Sun Umbrellas Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 20.53 | 2023 | +8.09% | +6.63% | View data |
| 2 | 2 Germany | 19.71 | 2023 | +0.052% | -0.35% | View data |
| 3 | 3 Italy | 15.11 | 2023 | -10.99% | +1.52% | View data |
| 4 | 4 United Kingdom | 11.49 | 2023 | +1.07% | +8.01% | View data |
| 5 | 5 Croatia | 10.55 | 2023 | +5.66% | +10.23% | View data |
| 6 | 6 Bosnia and Herzegovina | 8.71 | 2023 | +6.31% | +7.1% | View data |
| 7 | 7 Bulgaria | 5.43 | 2023 | +2.91% | +0.85% | View data |
| 8 | 8 France | 4.5 | 2023 | -3.05% | -1% | View data |
| 9 | 9 Greece | 1.53 | 2023 | +12.08% | +3.79% | View data |
| 10 | 10 Finland | 0 | 2023 | +96.35% | +56.62% | View data |
