Czech Republic: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in the Czech Republic

The Czech hat and headgear market shrank notably to $X in 2019, with a decrease of -X% against the previous year. Over the period under review, the total consumption indicated notable growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Hat and headgear consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Hat And Headgear Production in the Czech Republic

In value terms, hat and headgear production shrank to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Hat And Headgear Exports

Exports from the Czech Republic

In 2019, exports of hats and other headgear from the Czech Republic surged to X units, jumping by X% on 2018 figures. Overall, exports continue to indicate a strong expansion. Exports peaked at X units in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

In value terms, hat and headgear exports soared to $X in 2019. Over the period under review, exports continue to indicate a remarkable increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for hat and headgear exports from the Czech Republic, with a X% share of total exports. Moreover, hat and headgear exports to Germany exceeded the volume sent to the second major destination, the UK (X units), threefold. Austria (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 Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Austria (+X% per year).

In value terms, the largest markets for hat and headgear exported from the Czech Republic were Germany ($X), the UK ($X) and Austria ($X), together comprising X% of total exports. These countries were followed by Italy, Romania, the Netherlands, Slovakia, Spain, Belarus, Portugal, Hungary and Canada, which together accounted for a further X terms of the main countries of destination, Belarus (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average hat and headgear export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price saw pronounced growth. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Spain ($X per unit), while the average price for exports to Portugal ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into the Czech Republic

In 2019, supplies from abroad of hats and other headgear increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated a pronounced expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, hat and headgear imports amounted to $X in 2019. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of hat and headgear imports to the Czech Republic, with a combined X% share of total imports. These countries were followed by Slovakia, Italy, the Netherlands, the UK, Belgium, Austria, France, Sweden, Hungary and Portugal, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Poland ($X) constituted the largest hat and headgear suppliers to the Czech Republic, together comprising X% of total imports. Italy, the Netherlands, Slovakia, Austria, Belgium, the UK, France, Portugal, Hungary and Sweden lagged somewhat behind, together comprising a further X the main suppliers, Portugal (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average hat and headgear import price amounted to $X per unit, falling by -X% against the previous year. Overall, import price indicated a tangible increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hat and headgear import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

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), together accounting for 33% of global consumption. Japan, Indonesia, Pakistan, Brazil, Nigeria, Mexico, Bangladesh, the UK and Germany lagged somewhat behind, together comprising a further 21%.

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

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China (2B units) constituted the country with the largest volume of hat and headgear production, accounting for 51% of total volume. Moreover, hat and headgear production in China exceeded the figures recorded by the second-largest producer, India (236M units), ninefold. Bangladesh (113M units) ranked third in terms of total production with a 2.8% share.

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

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In value terms, Germany ($9.9M), China ($7.7M) and Poland ($7M) were the largest hat and headgear suppliers to the Czech Republic, together accounting for 49% of total imports. These countries were followed by Italy, the Netherlands, Slovakia, Austria, Belgium, the UK, France, Portugal, Hungary and Sweden, which together accounted for a further 46%.

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

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In value terms, Germany ($8.6M), the UK ($6.3M) and Austria ($5.4M) appeared to be the largest markets for hat and headgear exported from the Czech Republic worldwide, together accounting for 41% of total exports. These countries were followed by Italy, Romania, the Netherlands, Slovakia, Spain, Belarus, Portugal, Hungary and Canada, which together accounted for a further 38%.

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

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In 2019, the average hat and headgear export price amounted to $7.6 per unit, rising by 15% against the previous year.

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

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The average hat and headgear import price stood at $4.9 per unit in 2019, shrinking by -2.6% against the previous year.