Umbrellas and sun umbrellas: n.e.c. in heading no. 6601 (including walking stick umbrellas)

In 2024, umbrellas and sun umbrellas: n.e.c. in heading no. 6601 (including walking stick umbrellas) trade exhibited slight decline, with global flows reaching $933,778,613 and a three-year compound annual growth rate of +6.9% (five-year: +0.8%). The all-time peak of $1,195,048,266 was recorded in 2014; the current level is 22% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+9.3% acceleration).

The World Trade Flows Characterization classifies umbrellas and sun umbrellas: n.e.c. in heading no. 6601 (including walking stick umbrellas) as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.712). The three largest exporters — China ($786.8M), Cambodia ($27.5M), and Germany ($18.2M) — collectively dominate supply flows. The leading exporter has grown at +8.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.040). The three largest import markets are Japan ($117.1M), South Korea ($82.1M), and United States ($58.4M). The largest importing market sources from 33 different supplying countries.

Estimated substitution elasticity: -3.59. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Japan at $94.1M, representing 80.4% of the importer's total demand.

The volatility score for umbrellas and sun umbrellas: n.e.c. in heading no. 6601 (including walking stick umbrellas) is 3 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.