Brazil: Hat Market Overview 2020

Hat Market Size in Brazil

The revenue of the hat market in Brazil amounted to $X in 2018, remaining relatively unchanged against the previous year. Over the period under review, hat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the hat market reached its maximum level at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Hat Production in Brazil

In value terms, hat production stood at $X in 2018 estimated in export prices. In general, hat production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, hat production attained its peak figure level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Hat Exports

Exports from Brazil

Hat exports from Brazil amounted to X units in 2018, going down by -X% against the previous year. Overall, hat exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, hat exports attained their maximum at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, hat exports totaled $X in 2018. Over the period under review, hat exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, hat exports reached their maximum at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

Italy (X units), Argentina (X units) and the U.S. (X units) were the main destinations of hat exports from Brazil, with a combined X% share of total exports. These countries were followed by Paraguay, Uruguay, Spain, Bahrain, Sierra Leone, Angola, Bolivia, Namibia and Colombia, 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 Bahrain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for hat exports from Brazil, comprising X% of total hat exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Argentina totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Uruguay (+X% per year).

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the hat export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. In that year, the average export prices for hats and other headgear reached their peak level and is likely to continue its growth in the immediate term.

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

Hat Imports

Imports into Brazil

In 2018, the hat imports into Brazil amounted to X units, shrinking by -X% against the previous year. Over the period under review, hat imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at X units in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, hat imports stood at $X in 2018. Over the period under review, hat imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X units) was the main hat supplier to Brazil, accounting for a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, China, Hong Kong SAR (X units), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of hat to Brazil, comprising X% of total hat imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of total imports.

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

Import Prices by Country

The average hat import price stood at $X per unit in 2018, lowering by -X% against the previous year. Overall, the import price indicated a moderate expansion 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 decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, the average import prices for hats and other headgear reached their maximum at $X per unit in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was China ($X per unit), while the price for China, Hong Kong SAR totaled $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform