Ethiopia: Hat And Headgear Market 2024

Hat And Headgear Market Size in Ethiopia

The Ethiopian hat and headgear market skyrocketed to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed modest growth. Hat and headgear consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Hat And Headgear Exports

Exports from Ethiopia

In 2022, the amount of hats and other headgear exported from Ethiopia surged to X units, rising by X% compared with the year before. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, hat and headgear exports expanded modestly to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

The United States (X units) was the main destination for hat and headgear exports from Ethiopia, accounting for a X% share of total exports. Moreover, hat and headgear exports to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Cote d'Ivoire (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Cote d'Ivoire (X% per year).

In value terms, the United States ($X) remains the key foreign market for hats and other headgear exports from Ethiopia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the average hat and headgear export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price showed a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hat And Headgear Imports

Imports into Ethiopia

In 2022, approx. X units of hats and other headgear were imported into Ethiopia; with an increase of X% compared with the year before. Over the period under review, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, hat and headgear imports surged to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of hat and headgear to Ethiopia, accounting for a X% share of total imports. It was followed by Bangladesh (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Ethiopia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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