Report Update Apr 1, 2024

Puerto Rico - Hats and Other Headgear - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Hat And Headgear Market 2022

Hat And Headgear Market Size in Puerto Rico

The Puerto Rican hat and headgear market stood at less than $X in 2021, approximately equating 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). In general, consumption continues to indicate a relatively flat trend pattern.

Hat And Headgear Exports

Exports by Country

The United States (X units) and China (X units) were the key exporters of hats and other headgear in 2021, finishing at approx. 33% and 31% of total exports, respectively. It was distantly followed by Vietnam (X units) and Bangladesh (X units), together generating a 13% share of total exports. Germany (X units), Thailand (X units), Turkey (X units), Hong Kong SAR (X units) and Poland (X units) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United States (with a CAGR of +41.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest hat and headgear supplier from Puerto Rico, comprising 29% of global exports. The second position in the ranking was held by Vietnam ($X), with a 13% share of global exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -12.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+7.4% per year) and Germany (+8.3% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, approximately mirroring the previous year. In general, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per thousand units), while the United States ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.0%), while the other leaders experienced more modest paces of growth.

Hat And Headgear Imports

Imports by Country

The United States prevails in imports structure, reaching X units, which was approx. 92% of total imports in 2021. The following importers - Japan (X units), the UK (X units) and Germany (X units) - each reached a 1.2% share of total imports.

The United States was also the fastest-growing in terms of the hats and other headgear imports, with a CAGR of +49.4% from 2012 to 2021. At the same time, Germany (+1.7%) displayed positive paces of growth. By contrast, the UK (-1.7%) and Japan (-3.2%) illustrated a downward trend over the same period. The United States (+66 p.p.) significantly strengthened its position in terms of the global imports, while Germany, the UK and Japan saw its share reduced by -3.7%, -4.3% and -4.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported hats and other headgear into Puerto Rico, comprising 31% of global imports. The second position in the ranking was held by Germany ($X), with a 7.4% share of global imports. It was followed by Japan, with a 5.4% share.

In the United States, hat and headgear imports increased at an average annual rate of +3.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and Japan (-2.6% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately reflecting the previous year. In general, the import price showed a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per thousand units), while the United States ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hats and other headgear in the world?

The United States constituted the country with the largest volume of hat and headgear consumption, accounting for 77% of total volume. Moreover, hat and headgear consumption in the United States exceeded the figures recorded by the second-largest consumer, China, tenfold.

What are the largest producers of hats and other headgear in the world?

China remains the largest hat and headgear producing country worldwide, comprising approx. 47% of total volume. Moreover, hat and headgear production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was taken by Vietnam, with a 3% share.

What are the leading suppliers of hats and other headgear to Puerto Rico?

In value terms, the United States constitutes the largest market for imported hats and other headgear into Puerto Rico, comprising 31% of global imports. The second position in the ranking was held by Germany, with a 7.4% share of global imports. It was followed by Japan, with a 5.4% share.

What are the leading importers of hats and other headgear from Puerto Rico?

In value terms, China remains the largest hat and headgear supplier from Puerto Rico, comprising 29% of global exports. The second position in the ranking was held by Vietnam, with a 13% share of global exports. It was followed by Germany, with a 10% share.

What is the average export price for hats and other headgear in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per thousand units, stabilizing at the previous year.

What is the average import price for hats and other headgear in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per thousand units, leveling off at the previous year.

This report provides an in-depth analysis of the hat and headgear market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 14194230 - Felt hats and other felt headgear, made from hat bodies or hoods and plateaux
Prodcom 14194250 - Hats and other headgear, plaited or made by assembling strips of any material
Prodcom 14194270 - Hats and other headgear, knitted or crocheted or made-up from lace, felt or other textile fabric in the piece (but not in strips), hair-nets of any material
Prodcom 14194300 - Other headgear (except headgear of rubber or of plastics, s afety headgear and asbestos headgear), headbands, l inings, covers, hat foundations, hat frames, peaks and chinstraps, for headgear

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023