Italy: Hat Market Overview 2020

Hat Market Size in Italy

The revenue of the hat market in Italy amounted to $X in 2018, therefore, remained relatively stable against the previous year. Over the period under review, hat consumption continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the hat market reached its peak figure level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Hat Production in Italy

In value terms, hat production totaled $X in 2018 estimated in export prices. Over the period under review, hat production continues to indicate a moderate shrinkage. The most prominent rate of growth was recorded in 2014 when production volume increased by X% y-o-y. Over the period under review, hat production reached its peak figure level at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Hat Exports

Exports from Italy

Hat exports from Italy totaled X units in 2018, flattening at the previous year. In general, hat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, hat exports reached their peak of X units. From 2013 to 2018, the growth of hat exports remained at a somewhat lower figure.

In value terms, hat exports amounted to $X in 2018. Over the period under review, the total exports indicated a resilient increase from 2007 to 2018: its value decreased 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 increased by +X% against 2013 indices. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and the UK (X units) were the main destinations of hat exports from Italy, together accounting for X% of total exports. The Netherlands, Spain, Switzerland, the U.S., Austria, the Czech Republic, Poland, Russia and Romania lagged somewhat behind, together accounting 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 the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and France ($X) appeared to be the largest markets for hat exported from Italy worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Switzerland recorded the highest growth rate of exports, over the last eleven-year period, 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, going up by X% against the previous year. Over the period under review, the export price indicated resilient 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. Based on 2018 figures, hat export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked in 2018 and is expected to retain its growth in the near future.

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

Hat Imports

Imports into Italy

In 2018, approx. X units of hats and other headgear were imported into Italy; waning by -X% against the previous year. In general, hat imports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, hat imports attained their peak of X units. From 2011 to 2018, the growth of hat imports remained at a lower figure.

In value terms, hat imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to Italy, accounting for a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, France (X units), eightfold. The third position in this ranking was occupied by Germany (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: France (-X% per year) and Germany (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price indicated a prominent increase from 2007 to 2018: its price 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 import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% y-o-y. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Netherlands ($X per unit), while the price for China ($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 Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform