| Product Code: ETC5825648 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Barbados continues to rely heavily on umbrella imports, with key suppliers in 2024 being the USA, Trinidad and Tobago, China, Italy, and domestic sources. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a notable compound annual growth rate (CAGR) of 31.86% from 2020 to 2024, the negative growth rate of -15.6% in 2023-24 suggests a recent decline. Monitoring market dynamics and exploring strategies to counter this downturn will be crucial for stakeholders in the umbrella import industry in Barbados.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Barbados Umbrella Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Umbrella Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Umbrella Market - Industry Life Cycle |
3.4 Barbados Umbrella Market - Porter's Five Forces |
3.5 Barbados Umbrella Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Barbados Umbrella Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Barbados Umbrella Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in tourism industry in Barbados leading to increased demand for umbrellas at resorts and beaches |
4.2.2 Rising awareness about sun protection and skin health driving the sales of umbrellas |
4.2.3 Innovative designs and materials in umbrella manufacturing attracting customers looking for stylish and durable products |
4.3 Market Restraints |
4.3.1 Seasonal nature of the market with higher demand during peak tourist seasons |
4.3.2 Competition from alternative sun protection products such as sunscreen lotions and hats impacting umbrella sales |
4.3.3 Economic fluctuations affecting disposable income and consumer spending on non-essential items like umbrellas |
5 Barbados Umbrella Market Trends |
6 Barbados Umbrella Market Segmentations |
6.1 Barbados Umbrella Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Barbados Umbrella Market Revenues & Volume, By Reverse Umbrella, 2021-2031F |
6.1.3 Barbados Umbrella Market Revenues & Volume, By Straight Umbrella, 2021-2031F |
6.1.4 Barbados Umbrella Market Revenues & Volume, By Folding Umbrella, 2021-2031F |
6.1.5 Barbados Umbrella Market Revenues & Volume, By Automatic Umbrella, 2021-2031F |
6.1.6 Barbados Umbrella Market Revenues & Volume, By Other, 2021-2031F |
6.2 Barbados Umbrella Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Barbados Umbrella Market Revenues & Volume, By Commercial Use, 2021-2031F |
6.2.3 Barbados Umbrella Market Revenues & Volume, By Entertainment Use, 2021-2031F |
7 Barbados Umbrella Market Import-Export Trade Statistics |
7.1 Barbados Umbrella Market Export to Major Countries |
7.2 Barbados Umbrella Market Imports from Major Countries |
8 Barbados Umbrella Market Key Performance Indicators |
8.1 Average time taken to introduce a new umbrella design or material to the market |
8.2 Customer satisfaction levels with the durability and UV protection of umbrellas |
8.3 Number of partnerships with hotels, resorts, and beach clubs for exclusive umbrella supply arrangements |
9 Barbados Umbrella Market - Opportunity Assessment |
9.1 Barbados Umbrella Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Barbados Umbrella Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Barbados Umbrella Market - Competitive Landscape |
10.1 Barbados Umbrella Market Revenue Share, By Companies, 2024 |
10.2 Barbados Umbrella Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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