Portugal: Hat And Headgear Market 2024

Hat And Headgear Market Size in Portugal

After three years of decline, the Portuguese hat and headgear market increased by X% to $X in 2022. In general, the total consumption indicated pronounced growth 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, consumption decreased by X% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hat And Headgear Production in Portugal

In value terms, hat and headgear production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Hat and headgear production peaked in 2022 and is likely to continue growth in years to come.

Hat And Headgear Exports

Exports from Portugal

Hat and headgear exports from Portugal surged to X units in 2022, increasing by X% compared with the previous year's figure. In general, exports saw prominent growth. 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 expanded markedly to $X in 2022. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units), Sweden (X units) and France (X units) were the main destinations of hat and headgear exports from Portugal, together accounting for X% of total exports. Angola, Germany, Denmark, Italy, the Netherlands, the UK, Sao Tome and Principe and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Sweden ($X) appeared to be the largest markets for hat and headgear exported from Portugal worldwide, together comprising X% of total exports. Germany, the UK, Denmark, the United States, Angola, Italy, the Netherlands and Sao Tome and Principe lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, reducing by X% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sao Tome and Principe ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into Portugal

In 2022, supplies from abroad of hats and other headgear increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume 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 throughout the analyzed period. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, hat and headgear imports soared to $X in 2022. In general, total imports indicated prominent growth 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Spain (X units) and the Netherlands (X units) were the main suppliers of hat and headgear imports to Portugal, together accounting for X% of total imports. France, Italy, Thailand and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and the Netherlands ($X) appeared to be the largest hat and headgear suppliers to Portugal, together comprising X% of total imports. France, Italy, Thailand and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded 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

The average hat and headgear import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price 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, hat and headgear import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :