Switzerland: Hat Market Overview 2020

Hat Market Size in Switzerland

The revenue of the hat market in Switzerland amounted to $X in 2018, remaining stable against the previous year. Overall, hat consumption continues to indicate a temperate downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Hat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Hat Production in Switzerland

In value terms, hat production amounted to $X in 2018 estimated in export prices. Overall, hat production continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, hat production attained its maximum level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Hat Exports

Exports from Switzerland

Hat exports from Switzerland totaled X units in 2018, jumping by X% against the previous year. Over the period under review, hat exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. In that year, hat exports attained their peak of X units. From 2012 to 2018, the growth of hat exports remained at a lower figure.

In value terms, hat exports totaled $X in 2018. Overall, hat exports continue to indicate a prominent increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, hat exports attained their peak of $X. From 2012 to 2018, the growth of hat exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for hat exports from Switzerland, accounting for a X% share of total exports. Moreover, hat exports to Germany exceeded the volume sent to the second major destination, the U.S. (X units), sixfold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Italy (+X% per year).

In value terms, Germany ($X) remains the key foreign market for hat exports from Switzerland, comprising X% of total hat exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, picking up by X% against the previous year. Overall, the hat export price continues to indicate a measured expansion. 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, the average export prices for hats and other headgear reached their maximum in 2018 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 Germany ($X per unit), while the average price for exports to Jamaica ($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 Germany, while the prices for the other major destinations experienced more modest paces of growth.

Hat Imports

Imports into Switzerland

In 2018, the amount of hats and other headgear imported into Switzerland amounted to X units, remaining constant against the previous year. Overall, hat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at X units in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, hat imports stood at $X in 2018. Over the period under review, the total imports indicated strong growth from 2007 to 2018: its value 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 imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, hat imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to Switzerland, accounting for a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. Viet Nam (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: Germany (-X% per year) and Viet Nam (-X% per year).

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

From 2007 to 2018, 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: Germany (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2018, the average hat import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price indicated a resilient expansion from 2007 to 2018: its price 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 import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The import price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform