Spain: Hat Market Overview 2020

Hat Market Size in Spain

The revenue of the hat market in Spain amounted to $X in 2018, shrinking by -X% against the previous year. In general, hat consumption continues to indicate an abrupt drop. The growth pace was the most rapid in 2014 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 Production in Spain

In value terms, hat production stood at $X in 2018 estimated in export prices. In general, hat production continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Hat production peaked at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Hat Exports

Exports from Spain

In 2018, the hat exports from Spain totaled X units, going up by X% against the previous year. Overall, hat exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, hat exports totaled $X in 2018. Over the period under review, hat exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

France (X units), Italy (X units) and Portugal (X units) were the main destinations of hat exports from Spain, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by France, while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) constituted the largest markets for hat exported from Spain worldwide, with a combined X% share of total exports. The U.S., Poland, the UK, Germany, Hungary, Belgium, the Netherlands, Romania and Greece lagged somewhat behind, together accounting for a further X the main countries of destination, Poland recorded the highest rates of growth with regard to exports, over the last eleven-year period, 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 down by -X% against the previous year. Overall, the hat export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2007; however, from 2008 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 the U.S. ($X per unit), while the average price for exports to Greece ($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 Romania, while the prices for the other major destinations experienced mixed trend patterns.

Hat Imports

Imports into Spain

In 2018, the imports of hats and other headgear into Spain stood at X units, lowering by -X% against the previous year. Over the period under review, hat imports continue to indicate a moderate setback. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, hat imports stood at $X in 2018. Overall, the total imports indicated a notable expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hat imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest hat supplier to Spain, with a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Viet Nam (X units), more than tenfold. Bangladesh (X units) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average hat import price stood at $X per unit in 2018, jumping by X% against the previous year. In general, the hat import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for hats and other headgear attained their maximum in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while the price for Viet Nam ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform