Sweden: Hat Market Overview 2020

Hat Market Size in Sweden

The revenue of the hat market in Sweden amounted to $X in 2018, rising by X% against the previous year. Overall, hat consumption continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Hat consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Hat Production in Sweden

In value terms, hat production totaled $X in 2018 estimated in export prices. Over the period under review, hat production continues to indicate a deep reduction. The growth pace was the most rapid in 2018 when production volume decreased by -X% year-to-year. Over the period under review, hat production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Hat Exports

Exports from Sweden

Hat exports from Sweden stood at X units in 2018, going up by X% against the previous year. Over the period under review, the total exports indicated a prominent expansion from 2007 to 2018: its volume increased 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 exports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at X units in 2015; however, from 2016 to 2018, exports remained at a lower figure.

In value terms, hat exports stood at $X in 2018. Over the period under review, hat exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Finland (X units), Norway (X units) and Denmark (X units) were the main destinations of hat exports from Sweden, together comprising X% of total exports. These countries were followed by Germany, Poland, the U.S., the UK, the Czech Republic, Russia, France, Belgium and the Netherlands, 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 the Czech Republic, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hat exported from Sweden were Finland ($X), Norway ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Poland, Denmark, the UK, Belgium, the U.S., France, the Netherlands, the Czech Republic and Russia, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while 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, increasing by X% against the previous year. Over the period under review, the hat export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. In that year, the average export prices for hats and other headgear reached their peak level of $X per unit. From 2012 to 2018, the growth in terms of the average export prices for hats and other headgear failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Poland ($X per unit), while the average price for exports to Russia ($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 Poland, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into Sweden

Hat imports into Sweden amounted to X units in 2018, surging by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, hat imports stood at $X in 2018. Overall, the total imports indicated a prominent expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hat imports increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, hat imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

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

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

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

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 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 attained 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 Netherlands ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform