Angola: Hat And Headgear Market 2025

Hat And Headgear Market Size in Angola

In 2022, the Angolan hat and headgear market increased by 542% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed a tangible expansion. Hat and headgear consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hat And Headgear Exports

Exports from Angola

In 2022, approx. X units of hats and other headgear were exported from Angola; rising by 290% on the previous year. Overall, exports showed a resilient expansion. Over the period under review, the exports reached the peak figure at X units in 2017; afterwards, it flattened through to 2022.

In value terms, hat and headgear exports rose sharply to $X in 2022. In general, exports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of 89%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sao Tome and Principe (X units) was the main destination for hat and headgear exports from Angola, with a 40% share of total exports. Moreover, hat and headgear exports to Sao Tome and Principe exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was held by the United States (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Sao Tome and Principe totaled +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+54.9% per year) and the United States (+50.2% per year).

In value terms, Democratic Republic of the Congo ($X), Portugal ($X) and Israel ($X) constituted the largest markets for hat and headgear exported from Angola worldwide, together accounting for 62% of total exports. Sao Tome and Principe, the Netherlands, Canada, the United States and France lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +340.0%, recorded 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

In 2022, the average hat and headgear export price amounted to $X per unit, falling by -72.1% against the previous year. Overall, the export price saw a deep reduction. The growth pace was the most rapid in 2018 an increase of 86% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Sao Tome and Principe ($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 Lebanon (+266.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Angola

In 2022, supplies from abroad of hats and other headgear increased by 766% to X units, rising for the second year in a row after three years of decline. Overall, imports posted buoyant growth. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, hat and headgear imports soared to $X in 2022. In general, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 425%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest hat and headgear supplier to Angola, with a 90% share of total imports. It was followed by France (X units), with a 1.6% share of total imports. The United Arab Emirates (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+36.9% per year) and the United Arab Emirates (+24.5% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Angola, comprising 86% of total imports. The second position in the ranking was taken by Portugal ($X), with a 4.4% share of total imports. It was followed by France, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-20.8% per year) and France (-13.9% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2022, waning by -68.5% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 104% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Portugal ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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