Argentina: Hat Market Overview 2020

Hat Market Size in Argentina

The revenue of the hat market in Argentina amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, hat consumption, however, continues to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Hat consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Hat Production in Argentina

In value terms, hat production totaled $X in 2018 estimated in export prices. Overall, hat production, however, continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. Hat production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Hat Exports

Exports from Argentina

In 2018, approx. X units of hats and other headgear were exported from Argentina; increasing by X% against the previous year. Overall, the total exports indicated slight growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hat exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. In that year, hat exports reached their peak of X units. From 2013 to 2018, the growth of hat exports remained at a somewhat lower figure.

In value terms, hat exports totaled $X in 2018. Overall, hat exports continue to indicate an abrupt reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, hat exports attained their maximum at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Brazil (X units), Spain (X units) and Uruguay (X units) were the main destinations of hat exports from Argentina, with a combined X% share of total exports. These countries were followed by Peru, Switzerland, Guyana, China, Colombia, Ecuador, Paraguay, Costa Rica and Mexico, 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 Guyana, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hat exported from Argentina were Switzerland ($X), China ($X) and Uruguay ($X), together comprising X% of total exports.

China experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, shrinking by -X% against the previous year. Overall, the hat export price continues to indicate a drastic setback. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Over the period under review, the average export prices for hats and other headgear attained their maximum at $X per unit in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China ($X per unit), while the average price for exports to Guyana ($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 Colombia, while the prices for the other major destinations experienced a decline.

Hat Imports

Imports into Argentina

In 2018, the amount of hats and other headgear imported into Argentina amounted to X units, jumping by X% against the previous year. In general, hat imports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, hat imports attained their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, hat imports stood at $X in 2018. Over the period under review, hat imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, hat imports reached their maximum at $X in 2017, leveling off in the following year.

Imports by Country

In 2018, China (X units) was the main hat supplier to Argentina, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of hat to Argentina.

From 2007 to 2018, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

The average hat import price stood at $X per unit in 2018, dropping by -X% against the previous year. Over the period under review, the hat import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2018, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox AI Platform