India: Hat Market Overview 2020

Hat Market Size in India

The revenue of the hat market in India amounted to $X in 2018, picking up by X% against the previous year. In general, the total market indicated a prominent increase 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 consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Hat consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Hat Production in India

In value terms, hat production amounted to $X in 2018 estimated in export prices. In general, the total output indicated a temperate increase 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 production decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. In that year, hat production attained its peak level of $X. From 2014 to 2018, hat production growth remained at a lower figure.

Hat Exports

Exports from India

Hat exports from India totaled X units in 2018, increasing by X% against the previous year. Overall, the total exports indicated measured growth from 2007 to 2018: its volume 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 decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, hat exports reached their maximum at X units in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, hat exports amounted to $X in 2018. In general, hat exports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, hat exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

The U.S. (X units) was the main destination for hat exports from India, with a X% share of total exports. Moreover, hat exports to the U.S. exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was occupied by Italy (X units), with a X% share.

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

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

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

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the hat export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 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 2016 to 2018, the growth in terms of the average export prices for hats and other headgear remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to Bangladesh ($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 France, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into India

In 2018, the imports of hats and other headgear into India stood at X units, picking up by X% against the previous year. In general, hat imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 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.

In value terms, hat imports amounted to $X in 2018. Over the period under review, hat imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. In that year, hat imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, China (X units) constituted the largest hat supplier to India, with a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), threefold. The third position in this ranking was occupied by Indonesia (X units), with a X% share.

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

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

From 2007 to 2018, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Indonesia (-X% per year).

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, dropping by -X% against the previous year. Overall, the hat import price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% year-to-year. In that year, the average import prices for hats and other headgear reached their peak level of $X per unit, and then declined slightly in the following year.

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

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

Source: IndexBox AI Platform