Sri Lanka - Hats And Other Headgear - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

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

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Hat and Headgear Price in Sri Lanka - 2021

Contents:

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

Hat and Headgear Price in Sri Lanka (FOB) - 2022

In 2022, the average hat and headgear export price amounted to $11 per unit, dropping by -67.5% against the previous year. Over the period under review, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 12%. The export price peaked at $45 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($40 per unit), while the average price for exports to the United States ($7.3 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 Korea (+0.4%), while the prices for the other major destinations experienced a decline.

Hat and Headgear Price in Sri Lanka (CIF) - 2022

In 2022, the average hat and headgear import price amounted to $2.9 per unit, with a decrease of -44.9% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 116% against the previous year. As a result, import price attained the peak level of $9.1 per unit. From 2021 to 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 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($7 per unit), while the price for India ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.0%), while the prices for the other major suppliers experienced a decline.

Hat and Headgear Exports in Sri Lanka

In 2022, exports of hats and other headgear from Sri Lanka soared to 2.7M units, picking up by 204% compared with 2021. In general, exports showed 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 dropped modestly to $28M in 2022. Over the period under review, exports, however, recorded a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 2.5%. The exports peaked at $29M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Hat and Headgear in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.29.18.27.0-0.9%
Ireland6.25.34.84.7-8.8%
Germany2.52.33.13.511.9%
Australia2.32.52.12.64.2%
South Korea2.01.62.22.69.1%
United Kingdom0.60.81.11.226.0%
India0.30.60.71.154.2%
Japan1.40.60.60.8-17.0%
Norway0.70.50.60.84.6%
France1.90.90.40.4-40.5%
United Arab Emirates0.90.21.5N/A29.1%
Others3.53.53.33.50.0%
Total29.327.928.628.3-1.2%

Top Export Markets for Hat and Headgear from Sri Lanka in 2022:

  1. United States (959.5K units)
  2. Ireland (601.5K units)
  3. Germany (251.0K units)
  4. United Kingdom (140.6K units)
  5. India (133.6K units)
  6. Australia (119.0K units)
  7. South Korea (66.2K units)
  8. Norway (52.0K units)
  9. Japan (34.2K units)
  10. France (27.9K units)
  11. United Arab Emirates (0.9K units)

Hat and Headgear Imports in Sri Lanka

In 2022, imports of hats and other headgear into Sri Lanka soared to 519K units, rising by 57% compared with the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 138%. Imports peaked at 523K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hat and headgear imports contracted to $1.5M in 2022. Overall, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 37%. Imports peaked at $2.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Hat and Headgear in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,079671991843-7.9%
Bangladesh17.710.524.2202125.1%
India20074.218976.0-27.6%
South Korea49.880.439.336.1-10.2%
Indonesia14143.381.025.0-43.8%
Hong Kong SAR13.52.747.818.110.3%
Others698381359297-24.8%
Total2,2001,2631,7311,497-12.0%

Top Suppliers of Hat and Headgear to Sri Lanka in 2022:

  1. China (259.8K units)
  2. India (130.5K units)
  3. Bangladesh (46.5K units)
  4. South Korea (26.0K units)
  5. Hong Kong SAR (17.8K units)
  6. Indonesia (12.6K units)

Source: IndexBox Market Intelligence Platform

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

  • Sri Lanka

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Sri Lanka
  • 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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The Largest Countries for Hat and Headgear Imports
May 2, 2024
Eye 75

Explore the top import markets for hat and headgear in 2023. Discover key statistics and trends in the global market for headwear imports.

Which Country Imports the Most Hat-Forms, Hat Bodies and Hoods of Felt in the World?
Jul 26, 2018
Eye 928

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?
Jul 26, 2018
Eye 900

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?
Jul 26, 2018
Eye 625

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?
Jul 26, 2018
Eye 845

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?
Jul 26, 2018
Eye 644

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...

Which Country Imports the Most Wigs, False Beards, Eyebrows and Eyelashes in the World?
Jul 26, 2018
Eye 2458

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?
Jul 26, 2018
Eye 620

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?
Jul 26, 2018
Eye 583

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?
Jul 26, 2018
Eye 746

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 ...

Free Data: Hats And Other Headgear - Sri Lanka