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

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

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Hat and Headgear Price in Nigeria - 2022

Contents:

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

Hat and Headgear Price in Nigeria (CIF) - 2022

The average hat and headgear import price stood at $2.5 per unit in 2022, with a decrease of -44.5% against the previous year. Over the period under review, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $10 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2.4 per unit), while the price for Chile (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-11.5%), while the prices for the other major suppliers experienced a decline.

Hat and Headgear Price in Nigeria (FOB) - 2022

In 2022, the average hat and headgear export price amounted to $4.6 per unit, falling by -82.1% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2013 an increase of 157% against the previous year. The export price peaked at $32 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($10 per unit), while the average price for exports to Congo ($0.2 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 South Africa (-3.0%), while the prices for the other major destinations experienced a decline.

Hat and Headgear Imports in Nigeria

In 2022, hat and headgear imports into Nigeria surged to 4.6M units, growing by 213% on 2021. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear imports soared to $12M in 2022. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at $24M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Import of Hat and Headgear in Nigeria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11.613.94.19.2-7.4%
India0.41.20.60.40.0%
South Korea2.70.4N/AN/A-85.2%
ChileN/AN/AN/AN/A0%
Indonesia0.30.60.2N/A-18.4%
Others5.58.11.81.9-29.8%
Total20.624.26.711.6-17.4%

Top Suppliers of Hat and Headgear to Nigeria in 2022:

  1. China (3922.0K units)
  2. India (180.3K units)
  3. Chile (121.8K units)
  4. Indonesia (38.7K units)
  5. South Korea (26.1K units)

Hat and Headgear Exports in Nigeria

Hat and headgear exports from Nigeria surged to 113K units in 2022, jumping by 4,973% on the year before. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear exports surged to $518K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Hat and Headgear in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.90.61.8209514.7%
United States22.014.216.525.44.9%
Benin0.62.94.910.1156.3%
South Africa1.11.22.14.458.7%
Niger2.82.83.13.02.3%
Brazil4.11.90.42.1-20.0%
Congo3.21.00.72.0-14.5%
Others24.830.227.6261119.1%
Total59.654.757.1518105.6%

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

  1. Benin (36.7K units)
  2. Netherlands (20.2K units)
  3. United States (9.5K units)
  4. Congo (8.0K units)
  5. Brazil (4.5K units)
  6. South Africa (1.8K units)
  7. Niger (1.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hat and headgear market in Nigeria. 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:

  • Nigeria

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Nigeria
  • 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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