Colombia: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in Colombia

The Colombian hat and headgear market shrank to $X in 2019, falling by -X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Hat and headgear consumption peaked at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Hat And Headgear Production in Colombia

In value terms, hat and headgear production shrank sharply to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by X% year-to-year. Hat and headgear production peaked at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.

Hat And Headgear Exports

Exports from Colombia

Hat and headgear exports from Colombia reduced to X units in 2019, with a decrease of -X% against the year before. Over the period under review, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of X units. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, hat and headgear exports skyrocketed to $X in 2019. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

The U.S. (X units) was the main destination for hat and headgear exports from Colombia, accounting for a X% share of total exports. Moreover, hat and headgear exports to the U.S. exceeded the volume sent to the second major destination, Costa Rica (X units), twofold. Chile (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-X% per year) and Chile (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2019, increasing by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The export price peaked in 2019 and is expected to retain growth in the near future.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Peru, while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Colombia

In 2019, approx. X units of hats and other headgear were imported into Colombia; growing by X% on 2018 figures. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, hat and headgear imports expanded modestly to $X in 2019. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, China (X units) was the main hat and headgear supplier to Colombia, accounting for a approx. X% share of total imports.

From 2007 to 2019, 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 and headgear to Colombia.

From 2007 to 2019, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2019, the average hat and headgear import price amounted to $X per unit, with a decrease of -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox AI 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 2019 were China (621M units), the U.S. (411M units) and India (252M units), with a combined 33% share of global consumption. These countries were followed by Japan, Indonesia, Pakistan, Brazil, Nigeria, Mexico, Bangladesh, the UK and Germany, which together accounted for a further 21%.

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

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China (2B units) remains the largest hat and headgear producing country worldwide, comprising approx. 51% of total volume. Moreover, hat and headgear production in China exceeded the figures recorded by the second-largest producer, India (236M units), ninefold. The third position in this ranking was occupied by Bangladesh (113M units), with a 2.8% share.

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

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In value terms, China ($15M) constituted the largest supplier of hat and headgear to Colombia.

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

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In value terms, the U.S. ($2.4M) remains the key foreign market for hat and headgear exports from Colombia, comprising 67% of total exports. The second position in the ranking was occupied by Chile ($302K), with a 8.3% share of total exports. It was followed by Guatemala, with a 5.7% share.

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

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In 2019, the average hat and headgear export price amounted to $6.9 per unit, jumping by 21% against the previous year.

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

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The average hat and headgear import price stood at $0.9 per unit in 2019, shrinking by -17.8% against the previous year.