Middle East: Hat And Headgear Market 2024

Hat And Headgear Market Size in the Middle East

The Middle Eastern hat and headgear market soared to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hat And Headgear Production in the Middle East

In value terms, hat and headgear production dropped to $X in 2022 estimated in export price. Over the period under review, production posted a significant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021, and then declined in the following year.

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Hat And Headgear Exports

Exports in the Middle East

For the third year in a row, the Middle East recorded growth in shipments abroad of hats and other headgear, which increased by X% to X units in 2022. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear exports skyrocketed to $X in 2022. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Saudi Arabia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%). The following exporters - Syrian Arab Republic (X units), Qatar (X units) and Kuwait (X units) - each recorded a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Qatar (X%), Syrian Arab Republic (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest hat and headgear supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Syrian Arab Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, dropping by X% against the previous year. Overall, the export price showed a mild setback. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Hat And Headgear Imports

Imports in the Middle East

In 2022, the amount of hats and other headgear imported in the Middle East skyrocketed to X units, jumping by X% on 2021 figures. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hat and headgear imports expanded sharply to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia represented the key importing country with an import of around X units, which amounted to X% of total imports. The United Arab Emirates (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%) and Iraq (X%). Qatar (X units), Kuwait (X units), Turkey (X units), Iran (X units), Oman (X units) and Lebanon (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hat and headgear imports into Saudi Arabia stood at X%. At the same time, Oman (X%), Qatar (X%), Kuwait (X%), Israel (X%), Iraq (X%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Lebanon and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Turkey (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.), Qatar (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hat and headgear importing markets in the Middle East were Saudi Arabia ($X), Israel ($X) and Turkey ($X), together accounting for X% of total imports. The United Arab Emirates, Qatar, Kuwait, Iraq, Oman, Lebanon and Iran lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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