Italy: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in Italy

In 2020, after four years of growth, there was significant decline in the Italian hat and headgear market, when its value decreased by -X% to $X. Overall, consumption saw a perceptible decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then declined markedly in the following year.

Hat And Headgear Production in Italy

In value terms, hat and headgear production fell notably to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Hat And Headgear Exports

Exports from Italy

In 2020, shipments abroad of hats and other headgear decreased by -X% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a slight setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X units in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, hat and headgear exports rose significantly to $X in 2020. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units), France (X units) and Switzerland (X units) were the main destinations of hat and headgear exports from Italy, with a combined X% share of total exports. The U.S., Albania, the Netherlands, Canada, Portugal, the UK, Romania, Spain, Tunisia and Thailand lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in the Netherlands, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and France ($X) were the largest markets for hat and headgear exported from Italy worldwide, together accounting for X% of total exports.

Switzerland saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2020, with an increase of X% against the previous year. Overall, export price indicated resilient growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hat and headgear export price increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per unit), while the average price for exports to Tunisia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Italy

In 2020, the amount of hats and other headgear imported into Italy reduced dramatically to X units, dropping by -X% compared with the previous year. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, hat and headgear imports reduced to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019, and then declined in the following year.

Imports by Country

In 2020, China (X units) constituted the largest hat and headgear supplier to Italy, accounting for a X% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, Albania (X units), fourfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2020, 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: Albania (+X% per year) and Germany (+X% per year).

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

From 2007 to 2020, 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: France (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2020, the average hat and headgear import price amounted to $X per unit, rising by X% against the previous year. Overall, import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per unit), while the price for Albania ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hats and other headgear in the world?

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The countries with the highest volumes of hat and headgear consumption in 2020 were China (658M units), the U.S. (443M units) and India (254M units), together accounting for 34% of global consumption. These countries were followed by Japan, Brazil, Indonesia, Pakistan, Viet Nam, Nigeria, Bangladesh and Ethiopia, which together accounted for a further 21%.

What are the largest producers of hats and other headgear in the world?

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China (2.1B units) constituted the country with the largest volume of hat and headgear production, comprising approx. 47% of total volume. Moreover, hat and headgear production in China exceeded the figures recorded by the second-largest producer, India (257M units), eightfold. The third position in this ranking was occupied by Viet Nam (139M units), with a 3.2% share.

What are the leading suppliers of hats and other headgear to Italy?

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In value terms, China ($61M) constituted the largest supplier of hat and headgear to Italy, comprising 36% of total imports. The second position in the ranking was occupied by France ($21M), with a 12% share of total imports. It was followed by the Netherlands, with a 8.1% share.

What are the leading importers of hats and other headgear from Italy?

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In value terms, Switzerland ($53M), Germany ($38M) and France ($33M) appeared to be the largest markets for hat and headgear exported from Italy worldwide, together comprising 41% of total exports.

What is the average export price for hats and other headgear in Italy?

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The average hat and headgear export price stood at $12 per unit in 2020, picking up by 7.2% against the previous year.

What is the average import price for hats and other headgear in Italy?

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In 2020, the average hat and headgear import price amounted to $4.3 per unit, surging by 31% against the previous year.