Australia: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in Australia

In 2020, the Australian hat and headgear market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, the total consumption indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Hat and headgear consumption peaked at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Hat And Headgear Exports

Exports from Australia

In 2020, the amount of hats and other headgear exported from Australia shrank to X units, with a decrease of -X% on 2019. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of X units. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, hat and headgear exports skyrocketed to $X in 2020. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), the U.S. (X units) and Indonesia (X units) were the main destinations of hat and headgear exports from Australia, with a combined X% share of total exports. These countries were followed by Hong Kong SAR, Papua New Guinea, China, the Netherlands, the Philippines, France, the UK and New Caledonia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for hat and headgear exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual growth rate of value to New Zealand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2020, surging by X% against the previous year. Overall, the export price continues to indicate a temperate increase. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Australia

After two years of growth, purchases abroad of hats and other headgear decreased by -X% to X units in 2020. In general, total imports indicated a mild increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, hat and headgear imports amounted to $X in 2020. Over the period under review, total imports indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, China (X units) constituted the largest hat and headgear supplier to Australia, with a X% share of total imports. It was followed by Sri Lanka (X units), with a X% share of total imports. Indonesia (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of hat and headgear to Australia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Sri Lanka (+X% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2020, picking up by X% against the previous year. Overall, import price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hat and headgear import price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hats and other headgear in the world?

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The countries with the highest volumes of hat and headgear consumption in 2020 were China (658M units), the U.S. (443M units) and India (254M units), together accounting for 34% of global consumption. Japan, Brazil, Indonesia, Pakistan, Viet Nam, Nigeria, Bangladesh and Ethiopia lagged somewhat behind, together accounting for a further 21%.

What are the largest producers of hats and other headgear in the world?

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The country with the largest volume of hat and headgear production was China (2.1B units), accounting for 47% of total volume. Moreover, hat and headgear production in China exceeded the figures recorded by the second-largest producer, India (257M units), eightfold. The third position in this ranking was occupied by Viet Nam (139M units), with a 3.2% share.

What are the leading suppliers of hats and other headgear to Australia?

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In value terms, China ($98M) constituted the largest supplier of hat and headgear to Australia, comprising 75% of total imports. The second position in the ranking was occupied by the U.S. ($3.6M), with a 2.8% share of total imports. It was followed by Sri Lanka, with a 1.6% share.

What are the leading importers of hats and other headgear from Australia?

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In value terms, New Zealand ($2.2M) remains the key foreign market for hat and headgear exports from Australia, comprising 40% of total exports. The second position in the ranking was occupied by the U.S. ($899K), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 6.7% share.

What is the average export price for hats and other headgear in Australia?

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The average hat and headgear export price stood at $6.9 per unit in 2020, jumping by 28% against the previous year.

What is the average import price for hats and other headgear in Australia?

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The average hat and headgear import price stood at $2.8 per unit in 2020, surging by 4.4% against the previous year.