Ecuador - Hats And Other Headgear - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Ecuador - Hats And Other Headgear - Market Analysis, Forecast, Size, Trends and Insights

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Hat and Headgear Price in Ecuador - 2022

Contents:

  1. Hat and Headgear Price in Ecuador (CIF) - 2022
  2. Hat and Headgear Price in Ecuador (FOB) - 2022
  3. Hat and Headgear Imports in Ecuador
  4. Hat and Headgear Exports in Ecuador

Hat and Headgear Price in Ecuador (CIF) - 2022

In January 2022, the average hat and headgear import price amounted to $1.3 per unit, waning by -19.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2021 an increase of 135% month-to-month. As a result, import price reached the peak level of $2.5 per unit. From May 2021 to January 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Colombia ($3.1 per unit), while the price for Peru ($797 per thousand units) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Hat and Headgear Price in Ecuador (FOB) - 2022

In 2022, the average hat and headgear export price amounted to $49 per unit, reducing by -60.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 72% against the previous year. As a result, the export price attained the peak level of $124 per unit, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($121 per unit), while the average price for exports to Costa Rica ($3.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hat and Headgear Imports in Ecuador

In 2022, hat and headgear imports into Ecuador soared to 1.4M units, with an increase of 30% on the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hat and headgear imports plummeted to $6.5M in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 60%. Imports peaked at $8.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Hat and Headgear in Ecuador (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.23.75.84.9-7.5%
Bangladesh0.40.20.30.2-20.6%
Colombia0.10.10.30.226.0%
Others1.50.91.51.2-7.2%
Total8.35.08.06.5-7.8%

Top Suppliers of Hat and Headgear to Ecuador in 2022:

  1. China (1216.5K units)
  2. Bangladesh (62.9K units)
  3. Colombia (23.3K units)

Hat and Headgear Exports in Ecuador

In 2022, shipments abroad of hats and other headgear was finally on the rise to reach 110K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a slight descent. Over the period under review, the exports reached the maximum at 115K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, hat and headgear exports shrank slightly to $5.4M in 2022. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 2.3% against the previous year. The exports peaked at $9M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Hat and Headgear in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,4721,0732,0201,6093.0%
Germany2,1011,3987951,007-21.7%
France790479439463-16.3%
United Kingdom778534335374-21.7%
Spain624282156273-24.1%
Japan352284202203-16.8%
Panama54612485.3174-31.7%
Australia255151224170-12.6%
Chile58.827.012497.518.4%
Guatemala34.433.86.029.2-5.3%
Dominican Republic23.514.232.723.50.0%
Costa Rica57.718.39.413.2-38.8%
Others1,929886999929-21.6%
Total9,0225,3045,4285,366-15.9%

Top Export Markets for Hat and Headgear from Ecuador in 2022:

  1. United States (30.6K units)
  2. Panama (12.6K units)
  3. Chile (12.2K units)
  4. Germany (11.1K units)
  5. United Kingdom (5.1K units)
  6. France (4.2K units)
  7. Costa Rica (3.4K units)
  8. Spain (3.2K units)
  9. Guatemala (2.4K units)
  10. Australia (2.0K units)
  11. Dominican Republic (1.9K units)
  12. Japan (1.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hat and headgear market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 14194230 - Felt hats and other felt headgear, made from hat bodies or hoods and plateaux
  • Prodcom 14194250 - Hats and other headgear, plaited or made by assembling strips of any material
  • Prodcom 14194270 - Hats and other headgear, knitted or crocheted or made-up from lace, felt or other textile fabric in the piece (but not in strips), hair-nets of any material
  • Prodcom 14194300 - Other headgear (except headgear of rubber or of plastics, s afety headgear and asbestos headgear), headbands, l inings, covers, hat foundations, hat frames, peaks and chinstraps, for headgear

Country coverage:

  • Ecuador

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ecuador
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Which Country Imports the Most Hat-Forms, Hat Bodies and Hoods of Felt in the World?
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In value terms, hat-forms, hat bodies and hoods of felt imports totaled $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an average annual...

Which Country Imports the Most Hat-Shapes in the World?
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In value terms, hat-shapes imports stood at $X in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...

Which Country Imports the Most Knitted and Crocheted Hats and Other Headgear in the World?
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In value terms, knitted and crocheted hats and other headgear imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; ho...

Which Country Imports the Most Headgear in the World?
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In value terms, headgear imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuations...

Which Country Imports the Most Head-Bands, Linings, Covers and Hat Foundations in the World?
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In value terms, head-bands, linings, covers and hat foundations imports totaled $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total imports value increased at an averag...

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In value terms, wigs, false beards, eyebrows and eyelashes imports amounted to $X in 2016. In general, wigs, false beards, eyebrows and eyelashes imports continue to indicate a strong growth. Over ...

Which Country Exports the Most Hat-Forms, Hat Bodies and Hoods of Felt in the World?
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Eye 615

In value terms, hat-forms, hat bodies and hoods of felt exports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total exports value decreased at an average ann...

Which Country Exports the Most Hat-Shapes in the World?
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In value terms, hat-shapes exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated so...

Which Country Exports the Most Knitted and Crocheted Hats and Other Headgear in the World?
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In value terms, knitted and crocheted hats and other headgear exports amounted to $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total exports value increased at an ...

Which Country Exports the Most Headgear in the World?
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In value terms, headgear exports stood at $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the last...

Free Data: Hats And Other Headgear - Ecuador