Asia: Hat And Headgear Market 2024

Hat And Headgear Market Size in Asia

The Asian hat and headgear market fell notably to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a perceptible increase 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. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Hat And Headgear Production in Asia

In value terms, hat and headgear production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Hat And Headgear Exports

Exports in Asia

In 2022, exports of hats and other headgear in Asia skyrocketed to X units, rising by X% compared with the previous year's figure. Overall, exports saw a relatively flat trend pattern. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hat and headgear exports rose rapidly to $X in 2022. In general, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China was the main exporter of hats and other headgear in Asia, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Vietnam (X units) ranks second in terms of the total exports with a X% share, followed by Bangladesh (X%). Thailand (X units), Hong Kong SAR (X units), Indonesia (X units), South Korea (X units), Turkey (X units), Cambodia (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest hat and headgear supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports. It was followed by Bangladesh, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Hat And Headgear Imports

Imports in Asia

In 2022, approx. X units of hats and other headgear were imported in Asia; jumping by X% against the previous year's figure. Total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% 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 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 remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X units), Japan (X units), South Korea (X units), Malaysia (X units), Myanmar (X units), Singapore (X units), the United Arab Emirates (X units), Thailand (X units), Bangladesh (X units), Indonesia (X units), Kazakhstan (X units) and India (X units) represented the main importer of hats and other headgear in Asia, constituting X% of total import. Hong Kong SAR (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported hats and other headgear in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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