CIS: Hat And Headgear Market 2024

Hat And Headgear Market Size in CIS

The CIS hat and headgear market expanded slightly to $X in 2022, increasing by 2.6% against the previous year. In general, consumption, however, saw a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hat And Headgear Production in CIS

In value terms, hat and headgear production expanded markedly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 8.1% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hat And Headgear Exports

Exports in CIS

In 2022, the amount of hats and other headgear exported in the CIS skyrocketed to X units, growing by 286% on the previous year. In general, exports recorded significant growth. As a result, the exports attained 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 continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), Belarus (X units) and Kyrgyzstan (X units) represented roughly 97% of total exports in 2022. Moldova (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kyrgyzstan (with a CAGR of +48.0%), while the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X), Russia ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, together accounting for 95% of total exports.

Kyrgyzstan, with a CAGR of +48.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, declining by -58.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when the export price increased by 23% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+0.6%), while the other leaders experienced a decline in the export price figures.

Hat And Headgear Imports

Imports in CIS

In 2022, approx. X units of hats and other headgear were imported in the CIS; with an increase of 76% on 2021 figures. In general, imports enjoyed mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X units) represented the major importer of hats and other headgear, achieving 51% of total imports. Kazakhstan (X units) took the second position in the ranking, distantly followed by Kyrgyzstan (X units), Belarus (X units) and Armenia (X units). All these countries together took approx. 39% share of total imports. Moldova (X units) and Azerbaijan (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -2.5% from 2012 to 2022. At the same time, Armenia (+32.1%), Moldova (+31.1%), Azerbaijan (+29.5%), Belarus (+26.2%) and Kazakhstan (+16.8%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +32.1% from 2012-2022. By contrast, Kyrgyzstan (-1.5%) illustrated a downward trend over the same period. While the share of Kazakhstan (+14 p.p.), Armenia (+5.4 p.p.), Belarus (+5.3 p.p.), Moldova (+4.1 p.p.) and Azerbaijan (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (-3.2 p.p.) and Russia (-28.4 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported hats and other headgear in the CIS, comprising 76% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 10% share of total imports. It was followed by Belarus, with a 6% share.

In Russia, hat and headgear imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+12.0% per year) and Belarus (+11.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, reducing by -48.1% against the previous year. Over the period under review, the import price showed a slight decline. The pace of growth appeared the most rapid in 2013 when the import price increased by 53%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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