Peru: Hat Market Overview 2020

Hat Market Size in Peru

The revenue of the hat market in Peru amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, hat consumption continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the hat market reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Hat Production in Peru

In value terms, hat production amounted to $X in 2018 estimated in export prices. Over the period under review, hat production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, hat production reached its peak level and is likely to continue its growth in the immediate term.

Hat Exports

Exports from Peru

In 2018, the hat exports from Peru amounted to X units, waning by -X% against the previous year. In general, hat exports continue to indicate an abrupt drop. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, hat exports totaled $X in 2018. Overall, hat exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. In that year, hat exports attained their peak of $X. From 2011 to 2018, the growth of hat exports failed to regain its momentum.

Exports by Country

The U.S. (X units), Chile (X units) and Mexico (X units) were the main destinations of hat exports from Peru, with a combined X% share of total exports. Bolivia, Germany, Ecuador, Belgium, Panama, Brazil and Venezuela 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 Belgium, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the key foreign market for hat exports from Peru, comprising X% of total hat exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

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

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price indicated a prominent expansion 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 2014 indices. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. In that year, the average export prices for hats and other headgear attained their peak level and is likely to continue its growth in the immediate term.

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

Hat Imports

Imports into Peru

In 2018, the amount of hats and other headgear imported into Peru stood at X units, surging by X% against the previous year. In general, hat imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, hat imports stood at $X in 2018. Over the period under review, hat imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, hat imports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X units) was the main supplier of hat to Peru, accounting for a X% share of total imports. It was followed by Mexico (X units), with a X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from China amounted to +X%.

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

From 2007 to 2018, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

The average hat import price stood at $X per unit in 2018, surging by X% against the previous year. In general, the hat import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, the average import prices for hats and other headgear attained their maximum at $X per unit in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per unit), while the price for China stood at $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico.

Source: IndexBox AI Platform