Spain: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in Spain

In 2020, the Spanish hat and headgear market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Hat and headgear consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Hat And Headgear Production in Spain

In value terms, hat and headgear production shrank to $X in 2020 estimated in export prices. Over the period under review, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Hat and headgear production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Hat And Headgear Exports

Exports from Spain

Hat and headgear exports from Spain reduced markedly to X units in 2020, with a decrease of -X% compared with the year before. In general, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Exports peaked at X units in 2019, and then fell notably in the following year.

In value terms, hat and headgear exports dropped notably to $X in 2020. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2019, and then shrank significantly in the following year.

Exports by Country

France (X units) was the main destination for hat and headgear exports from Spain, with a X% share of total exports. Moreover, hat and headgear exports to France exceeded the volume sent to the second major destination, Italy (X units), threefold. The third position in this ranking was occupied by Portugal (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Portugal (-X% per year).

In value terms, the largest markets for hat and headgear exported from Spain were France ($X), Italy ($X) and Portugal ($X), together accounting for X% of total exports. Germany, Poland, the UK, the U.S., the Netherlands, Romania, Belgium and Morocco lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average hat and headgear export price amounted to $X per unit, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2007 to 2020, 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 more modest paces of growth.

Hat And Headgear Imports

Imports into Spain

In 2020, after three years of growth, there was significant decline in supplies from abroad of hats and other headgear, when their volume decreased by -X% to X units. In general, imports saw a perceptible setback. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, hat and headgear imports shrank remarkably to $X in 2020. Over the period under review, imports recorded slight growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then shrank rapidly in the following year.

Imports by Country

In 2020, China (X units) constituted the largest hat and headgear supplier to Spain, with a X% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), tenfold. The third position in this ranking was occupied by Portugal (X units), with a X% share.

From 2007 to 2020, 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: the UK (+X% per year) and Portugal (+X% per year).

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

From 2007 to 2020, 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: Italy (-X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2020, increasing by X% against the previous year. In general, import price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hat and headgear import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2020 and is likely to see steady growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers 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?

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The countries with the highest volumes of hat and headgear consumption in 2020 were China (658M units), the U.S. (443M units) and India (254M units), together comprising 34% of global consumption. These countries were followed by Japan, Brazil, Indonesia, Pakistan, Viet Nam, Nigeria, Bangladesh and Ethiopia, which together accounted for a further 21%.

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

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China (2.1B units) remains the largest hat and headgear producing country worldwide, accounting for 47% of total volume. Moreover, hat and headgear production in China exceeded the figures recorded by the second-largest producer, India (257M units), eightfold. The third position in this ranking was occupied by Viet Nam (139M units), with a 3.2% share.

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

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In value terms, China ($74M) constituted the largest supplier of hat and headgear to Spain, comprising 62% of total imports. The second position in the ranking was occupied by Italy ($7.5M), with a 6.2% share of total imports. It was followed by the Netherlands, with a 4.1% share.

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

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In value terms, France ($14M), Italy ($9.1M) and Portugal ($6.8M) appeared to be the largest markets for hat and headgear exported from Spain worldwide, together comprising 41% of total exports. These countries were followed by Germany, Poland, the UK, the U.S., the Netherlands, Romania, Belgium and Morocco, which together accounted for a further 38%.

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

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The average hat and headgear export price stood at $4.8 per unit in 2020, increasing by 15% against the previous year.

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

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In 2020, the average hat and headgear import price amounted to $3.9 per unit, with an increase of 11% against the previous year.