Israel: Hat Market Overview 2020

Hat Market Size in Israel

The revenue of the hat market in Israel amounted to $X in 2018, growing by X% against the previous year. Overall, the total market indicated moderate growth 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 consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Hat consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Hat Production in Israel

In value terms, hat production totaled $X in 2018 estimated in export prices. Over the period under review, hat production continues to indicate remarkable growth. 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 attained its maximum level at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Hat Exports

Exports from Israel

Hat exports from Israel amounted to X units in 2018, jumping by X% against the previous year. In general, hat exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. In that year, hat exports attained their peak of X units. From 2010 to 2018, the growth of hat exports remained at a lower figure.

In value terms, hat exports amounted to $X in 2018. Over the period under review, hat exports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, hat exports reached their peak figure at $X in 2009; however, from 2010 to 2018, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2018, the average annual growth rate of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Singapore (+X% per year).

In value terms, the U.S. ($X), Brazil ($X) and the UK ($X) constituted the largest markets for hat exported from Israel worldwide, together accounting for X% of total exports. The Netherlands, Angola, Australia, Palestine, Cuba and Singapore lagged somewhat behind, together comprising a further X experienced the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hat export price stood at $X per unit in 2018, jumping by X% against the previous year. Over the period under review, the hat export price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The export price peaked at $X per unit in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Brazil ($X per unit), while the average price for exports to Singapore ($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 Angola, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into Israel

Hat imports into Israel totaled X units in 2018, growing by X% against the previous year. Overall, hat imports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, hat imports amounted to $X in 2018. Overall, the total imports indicated buoyant 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 imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, hat imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to Israel, with a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The U.S. (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 totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) constituted the largest supplier of hat to Israel, comprising X% of total hat imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by the U.S., 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: Italy (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the hat import price, however, continues to indicate a modest expansion. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. In that year, the average import prices for hats and other headgear attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the average import prices for hats and other headgear failed to regain its momentum.

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

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

Source: IndexBox AI Platform