Pakistan: Hat And Headgear Market 2024

Hat And Headgear Market Size in Pakistan

In 2022, the Pakistani hat and headgear market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption enjoyed a prominent expansion. Hat and headgear consumption peaked in 2022 and is likely to see steady growth in the near future.

Hat And Headgear Production in Pakistan

In value terms, hat and headgear production stood at $X in 2022 estimated in export price. Overall, production recorded a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of X,526% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Hat And Headgear Exports

Exports from Pakistan

In 2022, after three years of decline, there was significant growth in overseas shipments of hats and other headgear, when their volume increased by X% to X units. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hat and headgear exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a slight expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for hat and headgear exports from Pakistan, with a X% share of total exports. Moreover, hat and headgear exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

In value terms, the UK ($X), the United States ($X) and the United Arab Emirates ($X) were the largest markets for hat and headgear exported from Pakistan worldwide, together comprising X% of total exports. Malaysia, Jordan, Ireland, Denmark, the Netherlands and Germany lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 2022, dropping by X% against the previous year. Over the period under review, the export price, however, posted a modest expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Pakistan

In 2022, supplies from abroad of hats and other headgear increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports saw a strong increase. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hat and headgear imports fell notably to $X in 2022. In general, imports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of hat and headgear to Pakistan, accounting for a X% share of total imports. It was followed by Turkey (X units), with a X% share of total imports. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, 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: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Pakistan, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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