United Kingdom: Hat Market Overview 2020

Hat Market Size in the UK

The revenue of the hat market in the UK amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hat consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the hat market reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Hat Production in the UK

In value terms, hat production totaled $X in 2018 estimated in export prices. In general, hat production continues to indicate a moderate setback. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Hat production peaked at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Hat Exports

Exports from the UK

In 2018, approx. X units of hats and other headgear were exported from the UK; approximately equating the previous year. In general, hat exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. In that year, hat exports reached their peak of X units. From 2017 to 2018, the growth of hat exports failed to regain its momentum.

In value terms, hat exports amounted to $X in 2018. In general, the total exports indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, hat exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Germany (X units), Ireland (X units) and France (X units) were the main destinations of hat exports from the UK, together accounting for X% of total exports. These countries were followed by Spain, Poland, Italy, Bulgaria, Saudi Arabia, Belgium, the Czech Republic, the Netherlands and Slovakia, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Bulgaria, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hat exported from the UK were Germany ($X), France ($X) and Ireland ($X), with a combined X% share of total exports. These countries were followed by Saudi Arabia, Italy, Spain, Belgium, the Netherlands, Poland, Slovakia, the Czech Republic and Bulgaria, which together accounted for a further X terms of the main countries of destination, Bulgaria recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hat export price stood at $X per unit in 2018, surging by X% against the previous year. In general, the export price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hat export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 an increase of X% year-to-year. In that year, the average export prices for hats and other headgear attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Ireland, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into the UK

In 2018, approx. X units of hats and other headgear were imported into the UK; surging by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, hat imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. In that year, hat imports reached their peak of $X. From 2012 to 2018, the growth of hat imports remained at a lower figure.

Imports by Country

In 2018, China (X units) constituted the largest hat supplier to the UK, with a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, 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: the Netherlands (+X% per year) and Germany (+X% per year).

In value terms, China ($X) constituted the largest supplier of hat to the UK, comprising X% of total hat imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, going up by X% against the previous year. Overall, the hat import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. In that year, the average import prices for hats and other headgear reached their peak level of $X per unit. From 2012 to 2018, the growth in terms of the average import prices for hats and other headgear remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform