Austria: Hat And Headgear Market 2024

Hat And Headgear Market Size in Austria

In 2022, the Austrian hat and headgear market increased by 19% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +58.6% against 2020 indices. Hat and headgear consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Hat And Headgear Exports

Exports from Austria

In 2022, the amount of hats and other headgear exported from Austria reached X units, increasing by 3.5% against the previous year's figure. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, hat and headgear exports soared to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for hat and headgear exports from Austria, accounting for a 36% share of total exports. Moreover, hat and headgear exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), threefold. The Czech Republic (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+20.7% per year) and the Czech Republic (+4.6% per year).

In value terms, Germany ($X) remains the key foreign market for hats and other headgear exports from Austria, comprising 37% of total exports. The second position in the ranking was taken by Poland ($X), with a 13% share of total exports. It was followed by the Czech Republic, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+27.3% per year) and the Czech Republic (+10.7% per year).

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2022, with an increase of 24% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price 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, hat and headgear export price increased by +32.5% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Slovakia ($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 Croatia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Austria

In 2022, the amount of hats and other headgear imported into Austria rose modestly to X units, picking up by 2.2% compared with 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, hat and headgear imports soared to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +118.0% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest hat and headgear supplier to Austria, with a 37% share of total imports. Moreover, hat and headgear imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.7% per year) and China (-11.3% per year).

In value terms, the largest hat and headgear suppliers to Austria were Germany ($X), the Netherlands ($X) and Poland ($X), together accounting for 67% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +33.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2022, growing by 19% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hat and headgear import price increased by +73.5% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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