Umbrella Market Overview in South Korea
The size of the umbrella market in South Korea contracted to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. Umbrella consumption peaked at $ in 2019, and then shrank in the following year.