Singapore: Hat Market Overview 2020

Hat Market Size in Singapore

The revenue of the hat market in Singapore amounted to $X in 2018, increasing by X% against 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, hat consumption, however, continues to indicate a deep descent. The pace of growth appeared the most rapid in 2018 when the market value increased by X% year-to-year. Hat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Hat Exports

Exports from Singapore

Hat exports from Singapore amounted to X units in 2018, surging by X% against the previous year. In general, hat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. In that year, hat exports reached their peak of X units. From 2017 to 2018, the growth of hat exports remained at a somewhat lower figure.

In value terms, hat exports amounted to $X in 2018. Overall, hat exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, hat exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

The U.S. (X units), Malaysia (X units) and Indonesia (X units) were the main destinations of hat exports from Singapore, with a combined X% share of total exports. These countries were followed by Australia, Japan, the UK, Oman, the United Arab Emirates, Germany, the Philippines, Turkey and South Korea, which together 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 Germany, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Indonesia ($X) and Malaysia ($X) were the largest markets for hat exported from Singapore worldwide, with a combined X% share of total exports. These countries were followed by Australia, the Philippines, Japan, the UK, South Korea, the United Arab Emirates, Turkey, Germany and Oman, which together accounted for a further X Korea recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, going up by X% against the previous year. Over the period under review, the hat export price continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the average export prices for hats and other headgear reached 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 the Philippines ($X per unit), while the average price for exports to Oman ($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 the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into Singapore

In 2018, the hat imports into Singapore stood at X units, surging by X% against the previous year. Overall, hat imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, hat imports stood at $X in 2018. In general, hat imports continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, hat imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest hat supplier to Singapore, with a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), fourfold. Italy (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 amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Italy (+X% per year).

In value terms, Malaysia ($X), China ($X) and Italy ($X) were the largest hat suppliers to Singapore, with a combined X% share of total imports. Bangladesh, Indonesia, Viet Nam, France, the U.S., China, Hong Kong SAR, Cambodia, Japan and South Korea lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, increasing by X% against the previous year. In general, the hat import price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. In that year, the average import prices for hats and other headgear attained their peak level and is likely to continue its 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 Malaysia ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform