Indonesia: Hat Market Overview 2020

Hat Market Size in Indonesia

The revenue of the hat market in Indonesia amounted to $X in 2018, coming down by -X% against the previous year. In general, hat consumption, however, continues to indicate a temperate descent. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Over the period under review, the hat market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Hat Production in Indonesia

In value terms, hat production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a tangible expansion from 2007 to 2018: its value 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 production increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, hat production reached its maximum level in 2018 and is likely to see steady growth in the near future.

Hat Exports

Exports from Indonesia

In 2018, approx. X units of hats and other headgear were exported from Indonesia; lowering by -X% against the previous year. Over the period under review, hat exports continue to indicate a measured deduction. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Over the period under review, hat exports reached their peak figure at X units in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, hat exports amounted to $X in 2018. Overall, hat exports continue to indicate moderate growth. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, hat exports reached their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

Japan (X units), the U.S. (X units) and India (X units) were the main destinations of hat exports from Indonesia, together accounting for X% of total exports. These countries were followed by France, Saudi Arabia, Pakistan, Germany, Malaysia, Brunei Darussalam, Belgium, Singapore and Mexico, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Brunei Darussalam, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and India ($X) were the largest markets for hat exported from Indonesia worldwide, together comprising X% of total exports. These countries were followed by Saudi Arabia, Pakistan, Singapore, France, Germany, Belgium, Malaysia, Mexico and Brunei Darussalam, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the hat export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the average export prices for hats and other headgear attained their maximum in 2018 and is expected to retain its growth in the immediate term.

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

Hat Imports

Imports into Indonesia

Hat imports into Indonesia stood at X units in 2018, waning by -X% against the previous year. Overall, hat imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Imports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, hat imports amounted to $X in 2018. In general, hat imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

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

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

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

From 2007 to 2018, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Singapore (+X% per year).

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, going up by X% against the previous year. Overall, the import price indicated pronounced growth from 2007 to 2018: its price 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. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for hats and other headgear attained their peak figure at $X per unit in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox AI Platform