United Arab Emirates: Hat Market Overview 2020

Hat Market Size in the United Arab Emirates

The revenue of the hat market in the United Arab Emirates amounted to $X in 2018, stabilizing at 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). Overall, the total market indicated a slight 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 consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Hat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Hat Exports

Exports from the United Arab Emirates

Hat exports from the United Arab Emirates amounted to X units in 2018, waning by -X% against the previous year. In general, hat exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, hat exports reached their peak of X units. From 2009 to 2018, the growth of hat exports failed to regain its momentum.

In value terms, hat exports stood at $X in 2018. In general, hat exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. In that year, hat exports attained their peak of $X. From 2015 to 2018, the growth of hat exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units), Oman (X units) and Iran (X units) were the main destinations of hat exports from the United Arab Emirates, with a combined X% share of total exports. These countries were followed by Libya, Kuwait, the UK, Jordan, Free Zones, Bahrain, Iraq, Qatar and Syrian Arab Republic, 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 Syrian Arab Republic, while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) remains the key foreign market for hat exports from the United Arab Emirates, comprising X% of total hat exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Oman totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and Iran (-X% per year).

Export Prices by Country

In 2018, the average hat export price amounted to $X per unit, shrinking by -X% against the previous year. Overall, the hat export price continues to indicate a measured slump. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, the average export prices for hats and other headgear reached their maximum at $X per unit in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

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

Hat Imports

Imports into the United Arab Emirates

In 2018, the amount of hats and other headgear imported into the United Arab Emirates amounted to X units, jumping by X% against the previous year. In general, hat imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, hat imports reached their peak figure at X units in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, hat imports amounted to $X in 2018. In general, hat imports continue to indicate a drastic decline. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X units) constituted the largest supplier of hat to the United Arab Emirates, with a X% share of total imports. Moreover, hat imports from China exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X units), more than tenfold. The third position in this ranking was occupied by Saudi Arabia (X units), 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: Syrian Arab Republic (+X% per year) and Saudi Arabia (+X% per year).

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

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

Import Prices by Country

The average hat import price stood at $X per unit in 2018, coming down by -X% against the previous year. Over the period under review, the hat import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average import prices for hats and other headgear reached their maximum at $X per unit in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform