Czech Republic: Hat Market Overview 2020

Hat Market Size in the Czech Republic

The revenue of the hat market in the Czech Republic amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, hat consumption, however, continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Hat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Hat Production in the Czech Republic

In value terms, hat production stood at $X in 2018 estimated in export prices. Over the period under review, hat production, however, continues to indicate a perceptible deduction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, hat production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Hat Exports

Exports from the Czech Republic

In 2018, the amount of hats and other headgear exported from the Czech Republic totaled X units, rising by X% against the previous year. In general, hat exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. In that year, hat exports attained their peak of X units. From 2017 to 2018, the growth of hat exports remained at a lower figure.

In value terms, hat exports totaled $X in 2018. Over the period under review, the total exports indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hat exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, hat exports attained their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

Germany (X units) was the main destination for hat exports from the Czech Republic, with a X% share of total exports. Moreover, hat exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), twofold. Austria (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+X% per year) and Austria (+X% per year).

In value terms, Germany ($X) remains the key foreign market for hat exports from the Czech Republic, comprising X% of total hat exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average hat export price stood at $X per unit in 2018, reducing by -X% against the previous year. Over the period under review, the hat export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, the average export prices for hats and other headgear attained their peak figure at $X per unit in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was France ($X per unit), while the average price for exports to Hungary ($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 Senegal, while the prices for the other major destinations experienced mixed trend patterns.

Hat Imports

Imports into the Czech Republic

In 2018, approx. X units of hats and other headgear were imported into the Czech Republic; growing by X% against the previous year. Over the period under review, hat imports continue to indicate a slight expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, hat imports attained their peak figure at X units in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, hat imports totaled $X in 2018. Overall, hat imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, hat imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to the Czech Republic, with a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), tenfold. Poland (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, 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: Germany (-X% per year) and Poland (+X% per year).

In value terms, China ($X) constituted the largest supplier of hat to the Czech Republic, comprising X% of total hat imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price indicated buoyant growth 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 2016 indices. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for hats and other headgear reached their peak figure at $X per unit in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform