Report Update Nov 1, 2024

India - Hats and Other Headgear - Market Analysis, Forecast, Size, Trends and Insights

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India: Hat And Headgear Market 2024

Hat And Headgear Market Size in India

The Indian hat and headgear market surged to $X in 2022, rising by 57% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Hat And Headgear Production in India

In value terms, hat and headgear production amounted to $X in 2022 estimated in export price. In general, production recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 with a decrease of -5.9% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Hat And Headgear Exports

Exports from India

In 2022, the amount of hats and other headgear exported from India soared to X units, rising by 204% against the previous year's figure. Over the period under review, exports, however, saw a abrupt setback. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hat and headgear exports stood at $X in 2022. In general, exports, however, saw a deep slump. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Australia (X units) and the UK (X units) were the main destinations of hat and headgear exports from India, with a combined 51% share of total exports. Germany, Nigeria, Hong Kong SAR, Bangladesh, Yemen, France, Malaysia, Italy and Saudi Arabia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +46.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for hats and other headgear exports from India, comprising 23% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Australia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-18.5% per year) and Australia (-1.8% per year).

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2022, reducing by -66.9% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Nigeria ($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 the United Arab Emirates (+0.1%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into India

After two years of decline, supplies from abroad of hats and other headgear increased by 98% to X units in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 432% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, hat and headgear imports surged to $X in 2022. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 520% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of hat and headgear to India, accounting for a approx. 97% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of hats and other headgear to India.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -7.0%.

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2022, with a decrease of -32.7% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -7.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hats and other headgear in the world?

The United States remains the largest hat and headgear consuming country worldwide, comprising approx. 78% of total volume. It was followed by Bolivia, with a 2% share of total consumption. The third position in this ranking was occupied by Japan, with a 1.8% share.

What are the largest producers of hats and other headgear in the world?

China constituted the country with the largest volume of hat and headgear production, comprising approx. 89% of total volume.

What are the leading suppliers of hats and other headgear to India?

In value terms, China constituted the largest supplier of hat and headgear to India, comprising 88% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 2.4% share of total imports.

What are the leading importers of hats and other headgear from India?

In value terms, the United States remains the key foreign market for hat and headgear exports from India, comprising 28% of total exports. The second position in the ranking was occupied by Germany, with a 13% share of total exports. It was followed by the UK, with a 10% share.

What is the average export price for hats and other headgear in India?

The average hat and headgear export price stood at $15 per unit in 2020, falling by -10.3% against the previous year.

What is the average import price for hats and other headgear in India?

In 2020, the average hat and headgear import price amounted to $4.4 per unit, reducing by -55.4% against the previous year.

This report provides an in-depth analysis of the hat and headgear market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 14194230 - Felt hats and other felt headgear, made from hat bodies or hoods and plateaux
Prodcom 14194250 - Hats and other headgear, plaited or made by assembling strips of any material
Prodcom 14194270 - Hats and other headgear, knitted or crocheted or made-up from lace, felt or other textile fabric in the piece (but not in strips), hair-nets of any material
Prodcom 14194300 - Other headgear (except headgear of rubber or of plastics, s afety headgear and asbestos headgear), headbands, l inings, covers, hat foundations, hat frames, peaks and chinstraps, for headgear

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023