Republic of Korea - Hats And Other Headgear - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHat and Headgear Price in South Korea - 2022
Contents:
- Hat and Headgear Price in South Korea (CIF) - 2022
- Hat and Headgear Price in South Korea (FOB) - 2022
- Hat and Headgear Imports in South Korea
- Hat and Headgear Exports in South Korea
Hat and Headgear Price in South Korea (CIF) - 2022
The average hat and headgear import price stood at $4.9 per unit in December 2022, growing by 2.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in February 2022 an increase of 35% month-to-month. As a result, import price attained the peak level of $6.1 per unit. From March 2022 to December 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 December 2022, the country with the highest price was Sri Lanka ($26.7 per unit), while the price for China ($3.6 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Hat and Headgear Price in South Korea (FOB) - 2022
In December 2022, the average hat and headgear export price amounted to $1.6 per unit, dropping by -15.2% against the previous month. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in June 2022 an increase of 17% month-to-month. Over the period under review, the average export prices reached the maximum at $2.8 per unit in January 2022; however, from February 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5.5 per unit), while the average price for exports to Bangladesh ($664 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-2.0%), while the prices for the other major destinations experienced a decline.
Hat and Headgear Imports in South Korea
In 2022, approx. 10M units of hats and other headgear were imported into South Korea; rising by 62% against the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hat and headgear imports dropped modestly to $164M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 1.4%. Over the period under review, imports attained the maximum at $167M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Hat and Headgear in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.1 | 1.1 | 1.3 | 134 | 395.7% |
| Vietnam | 47.1 | 46.3 | 42.9 | 11.8 | -37.0% |
| China | 80.1 | 73.6 | 71.5 | 9.5 | -50.9% |
| Others | 39.0 | 41.7 | 49.3 | 8.7 | -39.4% |
| Total | 167 | 163 | 165 | 164 | -0.6% |
Top Suppliers of Hat and Headgear to South Korea in 2022:
- Myanmar (7.6M units)
- Vietnam (1.5M units)
- China (1.0M units)
Hat and Headgear Exports in South Korea
In 2022, approx. 6M units of hats and other headgear were exported from South Korea; with an increase of 80% against the previous year's figure. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hat and headgear exports rose to $82M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of $85M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Hat and Headgear in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 47.0 | 0% |
| Vietnam | 18.8 | 17.0 | 14.8 | 13.6 | -10.2% |
| Bangladesh | 3.3 | 4.3 | 8.1 | 7.3 | 30.3% |
| United States | 11.1 | 16.7 | 11.2 | 5.0 | -23.3% |
| China | 12.2 | 25.7 | 25.9 | 3.0 | -37.4% |
| Japan | 5.5 | 7.1 | 4.4 | 0.2 | -66.9% |
| Others | 23.1 | 14.1 | 15.2 | 6.2 | -35.5% |
| Total | 74.1 | 84.9 | 79.5 | 82.2 | 3.5% |
Top Export Markets for Hat and Headgear from South Korea in 2022:
- Myanmar (3805.6K units)
- Vietnam (1085.7K units)
- Bangladesh (339.8K units)
- China (189.8K units)
- United States (180.5K units)
- Japan (5.2K units)
This report provides an in-depth analysis of the hat and headgear market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
421
This report provides an in-depth analysis of the hat and headgear market in Republic of Korea.
1711
This report provides an in-depth analysis of the global hat and headgear market.
421
This report provides an in-depth analysis of the hat and headgear market in Republic of Korea.
1711
This report provides an in-depth analysis of the global hat and headgear market.
19
Explore the top import markets for hat and headgear in 2023. Discover key statistics and trends in the global market for headwear imports.
925
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...
898
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...
622
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...
843
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...
641
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...
2452
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 ...
617
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...
580
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...
745
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 ...
