Japan: Hat Market Overview 2020

Hat Market Size in Japan

The revenue of the hat market in Japan amounted to $X in 2018, lowering by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Hat consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Hat Production in Japan

In value terms, hat production totaled $X in 2018 estimated in export prices. In general, hat production, however, continues to indicate a temperate downturn. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, hat production attained its maximum level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Hat Exports

Exports from Japan

Hat exports from Japan totaled X units in 2018, going up by X% against the previous year. In general, hat exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Exports peaked at X units in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, hat exports stood at $X in 2018. Over the period under review, hat exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Bangladesh (X units) was the main destination for hat exports from Japan, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Bangladesh stood at +X%.

In value terms, Bangladesh ($X) also remains the key foreign market for hat exports from Japan.

From 2007 to 2018, the average annual rate of growth in terms of value to Bangladesh was relatively modest.

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, lowering by -X% against the previous year. Overall, the export price indicated measured 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 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 2014; however, from 2015 to 2018, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bangladesh.

From 2007 to 2018, the rate of growth in terms of prices for Bangladesh amounted to -X% per year.

Hat Imports

Imports into Japan

In 2018, the amount of hats and other headgear imported into Japan stood at X units, growing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at X units in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, hat imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to Japan, accounting for a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Viet Nam (X units), sevenfold. Thailand (X units) ranked third in terms of total imports 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: Viet Nam (+X% per year) and Thailand (+X% per year).

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

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, the average import prices for hats and other headgear attained their maximum in 2018 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Thailand ($X per unit) and Viet Nam ($X per unit), while the price for China ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

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

Source: IndexBox AI Platform