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Vietnam - Hats And Other Headgear - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Hat And Headgear Market Overview 2021

Hat And Headgear Market Size in Vietnam

In 2020, the Vietnamese hat and headgear market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hat And Headgear Production in Vietnam

In value terms, hat and headgear production shrank to $X in 2020 estimated in export prices. Overall, the total production indicated a measured increase from 2007 to 2020: its value 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. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Hat and headgear production peaked at $X in 2019, and then reduced in the following year.

Hat And Headgear Exports

Exports from Vietnam

In 2020, shipments abroad of hats and other headgear decreased by -X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, total exports indicated a mild expansion from 2007 to 2020: its volume 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, exports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Exports peaked at X units in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, hat and headgear exports shrank to $X in 2020. In general, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2019, and then dropped in the following year.

Exports by Country

The U.S. (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main destinations of hat and headgear exports from Viet Nam, together comprising X% of total exports. Japan, Belgium, Canada, Nigeria, China and Spain lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Nigeria (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the key foreign market for hat and headgear exports from Viet Nam, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2020, the average hat and headgear export price amounted to $X per unit, picking up by X% against the previous year. Overall, export price indicated noticeable growth 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 export price increased by +X% against 2018 indices. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Nigeria ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Nigeria (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Vietnam

In 2020, overseas purchases of hats and other headgear increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports saw a prominent increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, hat and headgear imports skyrocketed to $X in 2020. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, China (X units) constituted the largest hat and headgear supplier to Viet Nam, accounting for a X% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Taiwan (Chinese) (-X% per year).

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

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: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2020, shrinking by -X% against the previous year. In general, import price indicated a modest 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. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, 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), together comprising 34% of global consumption. These countries were followed by Japan, Brazil, Indonesia, Pakistan, Viet Nam, Nigeria, Bangladesh and Ethiopia, which together accounted for a further 21%.
What are the largest producers of hats and other headgear in the world?
+
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 Vietnam?
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In value terms, China ($32M) constituted the largest supplier of hat and headgear to Viet Nam, comprising 75% of total imports. The second position in the ranking was occupied by South Korea ($7.5M), with a 18% share of total imports.
What are the leading importers of hats and other headgear from Vietnam?
+
In value terms, the U.S. ($225M) remains the key foreign market for hat and headgear exports from Viet Nam, comprising 58% of total exports. The second position in the ranking was occupied by South Korea ($37M), with a 9.7% share of total exports. It was followed by Japan, with a 9.6% share.
What is the average export price for hats and other headgear in Vietnam?
+
The average hat and headgear export price stood at $7.1 per unit in 2020, growing by 35% against the previous year.
What is the average import price for hats and other headgear in Vietnam?
+
The average hat and headgear import price stood at $2.2 per unit in 2020, with a decrease of -12.6% against the previous year.

Product coverage:
• Prodcom 14194230 - Felt hats and other felt headgear, made from hat bodies or hoods and plateaux
• Prodcom 14194250 - Hats and other headgear, plaited or made by assembling strips of any material
• Prodcom 14194270 - Hats and other headgear, knitted or crocheted or made-up from lace, felt or other textile fabric in the piece (but not in strips), hair-nets of any material
• Prodcom 14194300 - Other headgear (except headgear of rubber or of plastics, s afety headgear and asbestos headgear), headbands, l inings, covers, hat foundations, hat frames, peaks and chinstraps, for headgear

This report provides an in-depth analysis of the hat and headgear market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Viet Nam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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