| Product Code: ETC5825735 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Republic of North Macedonia continues to see a strong influx of umbrella imports from top exporting countries like China, Serbia, Portugal, Belgium, and Italy. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market dynamic. With a notable compound annual growth rate (CAGR) of 20.0% from 2020 to 2024 and a remarkable growth rate of 84.57% in 2024 alone, the umbrella import sector in North Macedonia is experiencing rapid expansion and robust international trade relationships.

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 Republic of Macedonia Umbrella Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Umbrella Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Umbrella Market - Industry Life Cycle |
3.4 Republic of Macedonia Umbrella Market - Porter's Five Forces |
3.5 Republic of Macedonia Umbrella Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Republic of Macedonia Umbrella Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Republic of Macedonia Umbrella Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of sun protection. |
4.2.2 Growing tourism sector leading to higher demand for umbrellas. |
4.2.3 Favorable government regulations promoting outdoor activities. |
4.3 Market Restraints |
4.3.1 Seasonality affecting demand for umbrellas. |
4.3.2 Competition from alternative sun protection products. |
4.3.3 Economic downturn impacting consumer spending on non-essential items. |
5 Republic of Macedonia Umbrella Market Trends |
6 Republic of Macedonia Umbrella Market Segmentations |
6.1 Republic of Macedonia Umbrella Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Umbrella Market Revenues & Volume, By Reverse Umbrella, 2021-2031F |
6.1.3 Republic of Macedonia Umbrella Market Revenues & Volume, By Straight Umbrella, 2021-2031F |
6.1.4 Republic of Macedonia Umbrella Market Revenues & Volume, By Folding Umbrella, 2021-2031F |
6.1.5 Republic of Macedonia Umbrella Market Revenues & Volume, By Automatic Umbrella, 2021-2031F |
6.1.6 Republic of Macedonia Umbrella Market Revenues & Volume, By Other, 2021-2031F |
6.2 Republic of Macedonia Umbrella Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Umbrella Market Revenues & Volume, By Commercial Use, 2021-2031F |
6.2.3 Republic of Macedonia Umbrella Market Revenues & Volume, By Entertainment Use, 2021-2031F |
7 Republic of Macedonia Umbrella Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Umbrella Market Export to Major Countries |
7.2 Republic of Macedonia Umbrella Market Imports from Major Countries |
8 Republic of Macedonia Umbrella Market Key Performance Indicators |
8.1 Average number of sunny days per year in Macedonia. |
8.2 Percentage of GDP contributed by the tourism sector. |
8.3 Number of outdoor events and festivals held annually in Macedonia. |
8.4 Average disposable income of the population. |
8.5 Number of new product innovations in the sun protection market. |
9 Republic of Macedonia Umbrella Market - Opportunity Assessment |
9.1 Republic of Macedonia Umbrella Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Republic of Macedonia Umbrella Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Republic of Macedonia Umbrella Market - Competitive Landscape |
10.1 Republic of Macedonia Umbrella Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia 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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