Asia-Pacific: Hat And Headgear Market 2024

Hat And Headgear Market Size in Asia-Pacific

The Asia-Pacific hat and headgear market declined significantly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated measured 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. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Hat And Headgear Production in Asia-Pacific

In value terms, hat and headgear production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Hat And Headgear Exports

Exports in Asia-Pacific

In 2022, approx. X units of hats and other headgear were exported in Asia-Pacific; picking up by X% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, hat and headgear exports rose rapidly to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the major exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Vietnam (X units) and Bangladesh (X units), together constituting a X% share of total exports. Thailand (X units), Hong Kong SAR (X units), Indonesia (X units), South Korea (X units), Cambodia (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, falling by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a 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 China (X%), while the other leaders experienced a decline in the export price figures.

Hat And Headgear Imports

Imports in Asia-Pacific

In 2022, the amount of hats and other headgear imported in Asia-Pacific soared to X units, growing by X% compared with 2021. Total imports indicated a prominent 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 surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X units), followed by Japan (X units), South Korea (X units), Malaysia (X units), Myanmar (X units), Singapore (X units) and New Zealand (X units) represented the key importers of hats and other headgear, together generating X% of total imports. Thailand (X units), Bangladesh (X units), Indonesia (X units), India (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) held a little 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 ($X) constitutes the largest market for imported hats and other headgear in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, hat and headgear imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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