Asia-Pacific: Hat And Headgear Market 2025

Hat And Headgear Market Size in Asia-Pacific

The Asia-Pacific hat and headgear market dropped significantly to $X in 2022, waning by -25.6% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.9% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Hat And Headgear Production in Asia-Pacific

In value terms, hat and headgear production declined to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Hat And Headgear Exports

Exports in Asia-Pacific

In 2022, hat and headgear exports in Asia-Pacific soared to X units, with an increase of 100% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, hat and headgear exports stood at $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 17%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) was the largest exporter of hats and other headgear, creating 41% of total exports. It was distantly followed by Vietnam (X units) and Bangladesh (X units), together creating a 37% share of total exports. The following exporters - Thailand (X units), Hong Kong SAR (X units), Indonesia (X units), South Korea (X units), Cambodia (X units) and Taiwan (Chinese) (X units) - together made up 18% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +26.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest hat and headgear supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 19% share of total exports. It was followed by Bangladesh, with a 12% share.

In China, hat and headgear exports contracted by an average annual rate of -9.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+6.8% per year) and Bangladesh (+5.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -45% against the previous year. In general, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2021 when the export price increased by 19%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Thailand ($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 (-2.2%), while the other leaders experienced a decline in the export price figures.

Hat And Headgear Imports

Imports in Asia-Pacific

In 2022, approx. X units of hats and other headgear were imported in Asia-Pacific; growing by 101% compared with the year before. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear imports surged to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X units), followed by Japan (X units), South Korea (X units), Malaysia (X units), Myanmar (X units), Singapore (X units) and New Zealand (X units) were the main importers of hats and other headgear, together achieving 67% of total imports. The following importers - Thailand (X units), Bangladesh (X units), Indonesia (X units), India (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) - together made up 21% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +55.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported hats and other headgear in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was taken by Australia ($X), with a 16% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+9.1% per year) and South Korea (+10.1% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, shrinking by -40.8% against the previous year. In general, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 12%. The level of import peaked at $X per unit in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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