United Kingdom: Hat And Headgear Market 2024

Hat And Headgear Market Size in the UK

In 2022, the UK hat and headgear market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Hat And Headgear Exports

Exports from the UK

In 2022, shipments abroad of hats and other headgear was finally on the rise to reach X units after three years of decline. In general, exports, however, recorded a abrupt decrease. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hat and headgear exports reached $X in 2022. Over the period under review, exports, however, recorded a sharp downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for hat and headgear exports from the UK, accounting for a X% share of total exports. Moreover, hat and headgear exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X units), twofold. Spain (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Spain (X% per year).

In value terms, the largest markets for hat and headgear exported from the UK were the Netherlands ($X), Ireland ($X) and South Korea ($X), with a combined X% share of total exports.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average hat and headgear export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a noticeable reduction. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per unit in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the Netherlands ($X 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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into the UK

In 2022, supplies from abroad of hats and other headgear increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, hat and headgear imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest hat and headgear supplier to the UK, with a X% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), more than tenfold. Mexico (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to the UK, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then fell slightly in the following year.

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 Belgium ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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