Ireland: Hat And Headgear Market 2024

Hat And Headgear Market Size in Ireland

The Irish hat and headgear market fell notably to $X in 2022, declining by -33.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Hat And Headgear Exports

Exports from Ireland

In 2022, exports of hats and other headgear from Ireland surged to X units, picking up by 418% on 2021. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear exports surged to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +55.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 46%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Germany (X units) and the United States (X units) were the main destinations of hat and headgear exports from Ireland, with a combined 76% share of total exports. France, the Netherlands, Poland and Spain lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +240.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Germany ($X) were the largest markets for hat and headgear exported from Ireland worldwide, together comprising 74% of total exports. France, the Netherlands, Poland and Spain lagged somewhat behind, together comprising a further 17%.

Poland, with a CAGR of +201.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2022, falling by -73.4% against the previous year. Overall, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 119% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 Philippines (+1.1%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into Ireland

In 2022, supplies from abroad of hats and other headgear increased by 14% to X units, rising for the fifth consecutive year after three years of decline. The total import volume increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, hat and headgear imports soared to $X in 2022. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 57%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest hat and headgear supplier to Ireland, with a 72% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.7% per year) and the Netherlands (+32.9% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Ireland, comprising 58% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by Bangladesh, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.2% per year) and Bangladesh (+35.9% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, picking up by 4% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +48.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Bangladesh ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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