In 2023, China dominated the umbrella frame export market with an 89.7% share, albeit with a modest growth of 0.74%. Significant growth was noted in countries like Costa Rica with a 45.65% increase and Australia at 21.93%. Conversely, Brazil and Norway experienced sharp declines of 40.23% and 30.12%, respectively. India showed a robust growth of 6.53%, and Greece had a remarkable surge of 29.96%.
Future trends to watch include potential growth from emerging markets driven by cost advantages and efforts to diversify supply chains. China may retain its leadership, but increased competition and innovation in other regions could alter market dynamics.
Top countries in Export of Umbrella Frames Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 89.7 | 2023 | +1.78% | +0.74% | View data |
| 2 | 2 Spain | 2.4 | 2023 | +4.73% | +3.47% | View data |
| 3 | 3 Italy | 1.44 | 2023 | -1.09% | -1.58% | View data |
| 4 | 4 Germany | 0.93 | 2023 | +1.13% | -2.34% | View data |
| 5 | 5 South Africa | 0.44 | 2023 | +1.26% | +3.48% | View data |
| 6 | 6 Slovakia | 0.31 | 2023 | +3.68% | +2.11% | View data |
| 7 | 7 India | 0.23 | 2023 | +1.03% | +6.53% | View data |
| 8 | 8 Belgium | 0.2 | 2023 | -0.27% | -0.36% | View data |
| 9 | 9 Austria | 0.15 | 2023 | -1.19% | -2.69% | View data |
| 10 | 10 Latvia | 0.11 | 2023 | -1.31% | -0.7% | View data |
