Kyrgyzstan: Hat Market 2020

Hat Market Size in Kyrgyzstan

The revenue of the hat market in Kyrgyzstan amounted to $X in 2018, waning by -X% against the previous year. In general, hat consumption, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Over the period under review, the hat market attained its maximum level at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Hat Production in Kyrgyzstan

In value terms, hat production totaled $X in 2018 estimated in export prices. In general, hat production, however, continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, hat production attained its peak level of $X. From 2009 to 2018, hat production growth failed to regain its momentum.

Hat Exports

Exports from Kyrgyzstan

In 2018, approx. X units of hats and other headgear were exported from Kyrgyzstan; growing by X% against the previous year. In general, hat exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, hat exports reached their peak of X units. From 2015 to 2018, the growth of hat exports failed to regain its momentum.

In value terms, hat exports totaled $X in 2018. In general, hat exports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Kyrgyzstan exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

China prevails in hat exports structure, amounting to X units, which was approx. X% of total exports in 2018. Vietnam (X units), Bangladesh (X units), the Netherlands (X units) and Germany (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the hats and other headgear exports, with a CAGR of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Vietnam (+X%), Germany (+X%) and Bangladesh (+X%) displayed positive paces of growth. From 2007 to 2018, the share of China, Vietnam and the Netherlands increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hat supplier from Kyrgyzstan, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Bangladesh, with a X% share.

In China, hat exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Bangladesh (+X% per year).

Export Prices by Country

In 2018, the hat export price in Kyrgyzstan amounted to $X per unit, declining by -X% against the previous year. In general, the hat export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Kyrgyzstan export price peaked at $X per unit in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced mixed trends in the export price figures.

Hat Imports

Imports into Kyrgyzstan

In 2018, the amount of hats and other headgear imported into Kyrgyzstan stood at X units, jumping by X% against the previous year. In general, hat imports continue to indicate mild growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, hat imports reached their peak figure at X units in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, hat imports amounted to $X in 2018. Over the period under review, hat imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, hat imports reached their peak figure at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units) was the major importer of hats and other headgear, committing X% of total imports. It was distantly followed by the UK (X units), Germany (X units) and Japan (X units), together generating a X% share of total imports. France (X units), Mexico (X units), the Netherlands (X units), Spain (X units), South Africa (X units), South Korea (X units), Belgium (X units) and Australia (X units) occupied a minor share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Mexico (+X%), the Netherlands (+X%), South Korea (+X%), the UK (+X%), South Africa (+X%), Germany (+X%), Japan (+X%), Belgium (+X%) and France (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Australia (-X%) and Spain (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), the UK (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hats and other headgear into Kyrgyzstan, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Germany (+X% per year).

Import Prices by Country

The hat import price in Kyrgyzstan stood at $X per unit in 2018, lowering by -X% against the previous year. In general, the hat import price continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. Over the period under review, the import prices for hats and other headgear reached their peak figure at $X per unit in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform