Saudi Arabia: Hat Market Overview 2020

Hat Market Size in Saudi Arabia

The revenue of the hat market in Saudi Arabia amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, hat consumption continues to indicate a drastic descent. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the hat market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Hat Production in Saudi Arabia

In value terms, hat production totaled $X in 2018 estimated in export prices. Over the period under review, hat production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Hat production peaked in 2018 and is likely to continue its growth in the immediate term.

Hat Exports

Exports from Saudi Arabia

In 2018, the amount of hats and other headgear exported from Saudi Arabia totaled X units, growing by X% against the previous year. In general, hat exports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. In that year, hat exports reached their peak of X units. From 2011 to 2018, the growth of hat exports remained at a lower figure.

In value terms, hat exports stood at $X in 2018. In general, hat exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, hat exports attained their peak figure at $X in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for hat exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, hat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), fivefold. The third position in this ranking was occupied by Kuwait (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Kuwait (-X% per year).

In value terms, Kuwait ($X) remains the key foreign market for hat exports from Saudi Arabia, comprising X% of total hat exports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Kuwait amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, jumping by X% against the previous year. Overall, the hat export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for hats and other headgear reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

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

Hat Imports

Imports into Saudi Arabia

Hat imports into Saudi Arabia amounted to X units in 2018, shrinking by -X% against the previous year. Overall, hat imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at X units in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, hat imports totaled $X in 2018. In general, hat imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, hat imports attained their peak figure at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X units) constituted the largest hat supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X units), threefold. Turkey (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 totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (-X% per year) and Turkey (+X% per year).

In value terms, the largest hat suppliers to Saudi Arabia were China ($X), the UK ($X) and Switzerland ($X), with a combined X% share of total imports. Turkey, Syrian Arab Republic, Indonesia and the United Arab Emirates lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hat import price stood at $X per unit in 2018, growing by X% against the previous year. Over the period under review, the hat import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for hats and other headgear reached their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform