Russian Federation: Hat Market Overview 2020

Hat Market Size in the Russian Federation

The revenue of the hat market in Russia amounted to $X in 2018, rising by X% against the previous year. Overall, hat consumption continues to indicate a strong increase. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the hat market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Hat Production in the Russian Federation

In value terms, hat production totaled $X in 2018 estimated in export prices. Over the period under review, hat production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, hat production reached its peak figure level at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

Hat Exports

Exports from the Russian Federation

In 2018, approx. X units of hats and other headgear were exported from Russia; jumping by X% against the previous year. Overall, hat exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, hat exports stood at $X in 2018. Overall, hat exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, hat exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Ukraine (X units) were the main destinations of hat exports from Russia, with a combined X% share of total exports. These countries were followed by Azerbaijan, which accounted 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 Azerbaijan, while exports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) constituted the largest markets for hat exported from Russia worldwide, with a combined X% share of total exports. Azerbaijan lagged somewhat behind, comprising a further X the main countries of destination, Azerbaijan recorded the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hat export price stood at $X per unit in 2018, going up by X% against the previous year. In general, the hat export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, the average export prices for hats and other headgear reached their maximum at $X per unit in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Azerbaijan ($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 Kazakhstan, while the prices for the other major destinations experienced mixed trend patterns.

Hat Imports

Imports into the Russian Federation

Hat imports into Russia amounted to X units in 2018, stabilizing at the previous year. Over the period under review, hat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, hat imports reached their peak figure at X units in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, hat imports amounted to $X in 2018. Over the period under review, hat imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, hat imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

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

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

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

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the hat import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the average import prices for hats and other headgear reached their maximum in 2018 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox AI Platform