Colombia: Hat Market Overview 2020

Hat Market Size in Colombia

The revenue of the hat market in Colombia amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, hat consumption, however, continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the hat market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Hat Production in Colombia

In value terms, hat production amounted to $X in 2018 estimated in export prices. Overall, hat production continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, hat production attained its maximum level at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Hat Exports

Exports from Colombia

Hat exports from Colombia stood at X units in 2018, dropping by -X% against the previous year. In general, hat exports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, hat exports totaled $X in 2018. Overall, hat exports continue to indicate a deep descent. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Venezuela (X units), the U.S. (X units) and Free Zones (X units) were the main destinations of hat exports from Colombia, together accounting for X% of total exports. These countries were followed by Chile, Costa Rica, Panama, Canada, Bahrain, Greece and Ecuador, 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 mixed trend patterns.

In value terms, the largest markets for hat exported from Colombia were Free Zones ($X), the U.S. ($X) and Chile ($X), together comprising X% of total exports.

Free Zones recorded the highest growth rate of exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, jumping by X% against the previous year. Overall, the hat export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. In that year, the average export prices for hats and other headgear reached their peak level of $X per unit. From 2009 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 Free Zones ($X per unit), while the average price for exports to Bahrain ($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 Free Zones, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into Colombia

In 2018, the imports of hats and other headgear into Colombia totaled X units, going up by X% against the previous year. Overall, hat imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, hat imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, hat imports stood at $X in 2018. Overall, hat imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, hat imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, China (X units) was the main supplier of hat to Colombia, accounting for a approx. X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of hat to Colombia.

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

Import Prices by Country

The average hat import price stood at $X per unit in 2018, jumping by X% against the previous year. Over the period under review, the hat import price, however, continues to indicate a drastic contraction. The pace of growth was the most pronounced in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2018, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox AI Platform