Sweden: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in Sweden

The Swedish hat and headgear market shrank markedly to $X in 2020, waning 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). Over the period under review, consumption showed a noticeable slump. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Hat And Headgear Exports

Exports from Sweden

In 2020, approx. X units of hats and other headgear were exported from Sweden; rising by X% compared with the previous year's figure. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, hat and headgear exports soared to $X in 2020. Overall, exports showed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

Poland (X units), Finland (X units) and Norway (X units) were the main destinations of hat and headgear exports from Sweden, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hat and headgear exported from Sweden were Finland ($X), Norway ($X) and Denmark ($X), with a combined X% share of total exports. These countries were followed by Germany, Poland, the Netherlands and the U.S., which together accounted for a further X saw 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

The average hat and headgear export price stood at $X per unit in 2020, rising by X% against the previous year. In general, export price indicated a tangible 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 export price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per unit), while the average price for exports to Poland ($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 Denmark, while the prices for the other major destinations experienced mixed trend patterns.

Hat And Headgear Imports

Imports into Sweden

In 2020, supplies from abroad of hats and other headgear decreased by -X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, hat and headgear imports expanded slightly to $X in 2020. In general, total imports indicated perceptible growth from 2007 to 2020: its value decreased 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) constituted the largest supplier of hat and headgear to Sweden, with a X% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. Denmark (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Denmark (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Denmark (+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. Overall, import price indicated a noticeable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. 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 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2007 to 2020, 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 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), with a combined 34% share of global consumption. Japan, Brazil, Indonesia, Pakistan, Viet Nam, Nigeria, Bangladesh and Ethiopia lagged somewhat behind, together accounting 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) constituted the country with the largest volume of hat and headgear production, comprising approx. 47% of total volume. Moreover, hat and headgear production in China exceeded the figures recorded by the second-largest producer, India (257M units), eightfold. Viet Nam (139M units) ranked third in terms of total production with a 3.2% share.

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

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In value terms, China ($31M) constituted the largest supplier of hat and headgear to Sweden, comprising 36% of total imports. The second position in the ranking was occupied by Poland ($9.2M), with a 11% share of total imports. It was followed by Denmark, with a 9.9% share.

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

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In value terms, Finland ($11M), Norway ($11M) and Denmark ($4.4M) constituted the largest markets for hat and headgear exported from Sweden worldwide, with a combined 55% share of total exports. These countries were followed by Germany, Poland, the Netherlands and the U.S., which together accounted for a further 21%.

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

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The average hat and headgear export price stood at $5.1 per unit in 2020, rising by 6.2% against the previous year.

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

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The average hat and headgear import price stood at $6.8 per unit in 2020, increasing by 18% against the previous year.