Australia: Hat Market Overview 2020

Hat Market Size in Australia

The revenue of the hat market in Australia amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, the hat market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Hat Production in Australia

In value terms, hat production stood at $X in 2018 estimated in export prices. Overall, hat production continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2009 when production volume increased by X% against the previous year. Over the period under review, hat production reached its peak figure level at $X in 2011; however, from 2012 to 2018, production remained at a lower figure.

Hat Exports

Exports from Australia

In 2018, the hat exports from Australia amounted to X units, waning by -X% against the previous year. Overall, hat exports continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. In that year, hat exports reached their peak of X units. From 2011 to 2018, the growth of hat exports remained at a lower figure.

In value terms, hat exports stood at $X in 2018. Over the period under review, hat exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for hat exports from Australia, accounting for a X% share of total exports. Moreover, hat exports to New Zealand exceeded the volume sent to the second major destination, the U.S. (X units), twofold. The third position in this ranking was occupied by the UK (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to New Zealand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and the UK (-X% per year).

In value terms, New Zealand ($X), the U.S. ($X) and Germany ($X) constituted the largest markets for hat exported from Australia worldwide, together accounting for X% of total exports. The UK, Papua New Guinea, Canada, China, France, Singapore, Japan, Sri Lanka and Tanzania lagged somewhat behind, together comprising a further X the main countries of destination, Tanzania 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, growing by X% against the previous year. Over the period under review, the export price indicated a noticeable increase from 2007 to 2018: its price 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 export price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. In that year, the average export prices for hats and other headgear attained their peak level of $X per unit. From 2017 to 2018, the growth in terms of the average export prices for hats and other headgear remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the average price for exports to Tanzania ($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 Tanzania, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into Australia

Hat imports into Australia stood at X units in 2018, therefore, remained relatively stable against the previous year. Overall, hat imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, hat imports attained their maximum at X units in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, hat imports stood at $X in 2018. Over the period under review, the total imports indicated a resilient increase from 2007 to 2018: its value decreased 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. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to Australia, accounting for a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), more than tenfold. The third position in this ranking was occupied by China, Hong Kong SAR (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and China, Hong Kong SAR (+X% per year).

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

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

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, rising by X% against the previous year. In general, the import price indicated strong growth 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 import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the price for China, Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform