Algeria: Hat And Headgear Market 2024

Hat And Headgear Market Size in Algeria

The Algerian hat and headgear market rose to $X in 2022, increasing by 4% 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). In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hat And Headgear Exports

Exports from Algeria

In 2022, the amount of hats and other headgear exported from Algeria skyrocketed to X units, picking up by 219% against 2021. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear exports skyrocketed to $X in 2022. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 85% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for hat and headgear exports from Algeria, with a 49% share of total exports. Moreover, hat and headgear exports to France exceeded the volume sent to the second major destination, Benin (X units), more than tenfold. Austria (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +78.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+45.7% per year) and Austria (0.0% per year).

In value terms, France ($X) remains the key foreign market for hats and other headgear exports from Algeria, comprising 49% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 3.1% share of total exports. It was followed by Austria, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +76.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.4% per year) and Austria (+58.2% per year).

Export Prices by Country

In 2022, the average hat and headgear export price amounted to $X per unit, shrinking by -49.8% against the previous year. In general, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.2%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into Algeria

In 2022, the amount of hats and other headgear imported into Algeria soared to X units, growing by 42% on 2021 figures. Over the period under review, imports, however, continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 148%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hat and headgear imports contracted sharply to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of hat and headgear imports to Algeria, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +48.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Algeria, comprising 44% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.0% per year) and Taiwan (Chinese) (-1.5% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2022, falling by -44% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 74% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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