Norway: Hat Market Overview 2020

Hat Market Size in Norway

The revenue of the hat market in Norway amounted to $X in 2018, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a modest expansion 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 consumption decreased by -X% against 2016 indices. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the hat market attained its peak figure level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Hat Exports

Exports from Norway

Hat exports from Norway stood at X units in 2018, rising by X% against the previous year. Over the period under review, hat exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, hat exports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, hat exports stood at $X in 2018. Overall, hat exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. In that year, hat exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

Sweden (X units) was the main destination for hat exports from Norway, accounting for a X% share of total exports. Moreover, hat exports to Sweden exceeded the volume sent to the second major destination, Lithuania (X units), threefold. Poland (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+X% per year) and Poland (-X% per year).

In value terms, Sweden ($X) remains the key foreign market for hat exports from Norway, comprising X% of total hat exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Lithuania (+X% per year).

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, coming down by -X% against the previous year. Overall, the hat export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

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

Hat Imports

Imports into Norway

In 2018, the hat imports into Norway totaled X units, approximately equating the previous year. Over the period under review, hat imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, hat imports attained their maximum at X units in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, hat imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. In that year, hat imports attained their peak of $X. From 2012 to 2018, the growth of hat imports remained at a lower figure.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to Norway, accounting for a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), more than tenfold. Bangladesh (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: Lithuania (+X% per year) and Bangladesh (+X% per year).

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

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

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for hats and other headgear attained their peak figure at $X per unit in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform