United Arab Emirates: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in the United Arab Emirates

The hat and headgear market in the United Arab Emirates rose remarkably to $X in 2020, increasing 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 enjoyed a buoyant increase. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Hat and headgear consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Hat And Headgear Exports

Exports from the United Arab Emirates

In 2020, shipments 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, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X units in 2010; however, from 2011 to 2020, exports remained at a lower figure.

In value terms, hat and headgear exports declined to $X in 2020. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Uganda (X units), South Africa (X units) and the UK (X units) were the main destinations of hat and headgear exports from the United Arab Emirates, together comprising X% of total exports. Senegal, Zambia, India, Gambia, the U.S. and Hong Kong SAR lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Hong Kong SAR (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hat and headgear exported from the United Arab Emirates were the U.S. ($X), Hong Kong SAR ($X) and India ($X), with a combined X% share of total exports.

Among the main countries of destination, Hong Kong SAR (+X% per year) saw the highest growth rate of the value of exports, 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, surging by X% against the previous year. Over the period under review, the export price recorded moderate growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Gambia ($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 Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into the United Arab Emirates

Hat and headgear imports into the United Arab Emirates soared to X units in 2020, picking up by X% against the previous year. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, hat and headgear imports reduced rapidly to $X in 2020. Over the period under review, imports posted a slight expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X units) constituted the largest hat and headgear supplier to the United Arab Emirates, with a X% share of total imports. It was followed by India (X units), with a X% share of total imports.

From 2007 to 2020, 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: India (+X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of hat and headgear to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

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: India (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2020, with a decrease of -X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per unit in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

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, 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. 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 the United Arab Emirates?

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In value terms, China ($23M) constituted the largest supplier of hat and headgear to the United Arab Emirates, comprising 66% of total imports. The second position in the ranking was occupied by India ($1M), with a 3.1% share of total imports.

What are the leading importers of hats and other headgear from the United Arab Emirates?

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In value terms, the largest markets for hat and headgear exported from the United Arab Emirates were the U.S. ($599K), Hong Kong SAR ($513K) and India ($206K), together comprising 40% of total exports.

What is the average export price for hats and other headgear in the United Arab Emirates?

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In 2020, the average hat and headgear export price amounted to $2 per unit, with an increase of 8.9% against the previous year.

What is the average import price for hats and other headgear in the United Arab Emirates?

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The average hat and headgear import price stood at $1.4 per unit in 2020, with a decrease of -38.4% against the previous year.