MENA: Hat And Headgear Market 2025

Hat And Headgear Market Size in MENA

The MENA's hat and headgear market soared to $X in 2022, rising by 30% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hat And Headgear Production in MENA

In value terms, hat and headgear production contracted to $X in 2022 estimated in export price. In general, production recorded a significant increase. The growth pace was the most rapid in 2016 when the production volume increased by 423%. The level of production peaked at $X in 2021, and then contracted in the following year.

Hat And Headgear Exports

Exports in MENA

In 2022, the amount of hats and other headgear exported in MENA skyrocketed to X units, with an increase of 153% compared with the year before. Overall, exports recorded a strong increase. 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 skyrocketed to $X in 2022. Over the period under review, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) and Egypt (X units) prevails in exports structure, together achieving 80% of total exports. It was distantly followed by Tunisia (X units), making up a 6.4% share of total exports. Morocco (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Egypt (with a CAGR of +38.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hat and headgear supplying countries in MENA were Turkey ($X), Egypt ($X) and Morocco ($X), together comprising 90% of total exports.

Egypt, with a CAGR of +37.0%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the export price in MENA amounted to $X per unit, declining by -23.7% against the previous year. Overall, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2019 an increase of 5.7%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-0.8%), while the other leaders experienced a decline in the export price figures.

Hat And Headgear Imports

Imports in MENA

In 2022, imports of hats and other headgear in MENA soared to X units, with an increase of 57% on 2021. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +104.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear imports rose notably to $X in 2022. The total import value increased at an average annual rate of +1.6% 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 20%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the main importer of hats and other headgear in MENA, with the volume of imports amounting to X units, which was approx. 34% of total imports in 2022. The United Arab Emirates (X units) ranks second in terms of the total imports with a 15% share, followed by Israel (8.1%), Morocco (6.9%), Iraq (4.7%) and Djibouti (4.7%). The following importers - Algeria (X units), Egypt (X units), Qatar (X units), Kuwait (X units), Turkey (X units), Iran (X units) and Oman (X units) - together made up 19% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hat and headgear imports into Saudi Arabia stood at +1.4%. At the same time, Djibouti (+21.5%), Morocco (+19.3%), Oman (+13.9%), Qatar (+11.8%), Kuwait (+8.9%), Israel (+7.0%), Iraq (+4.0%) and Iran (+3.2%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of +21.5% from 2012-2022. Egypt and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Algeria (-1.0%) and Turkey (-7.6%) illustrated a downward trend over the same period. Morocco (+5.4 p.p.), Djibouti (+3.8 p.p.), Israel (+2.8 p.p.) and Qatar (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Algeria, Saudi Arabia, the United Arab Emirates and Turkey saw its share reduced by -1.6%, -4.1%, -4.7% and -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), Israel ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, with a combined 57% share of total imports. The United Arab Emirates, Qatar, Morocco, Kuwait, Iraq, Egypt, Algeria, Oman, Djibouti and Iran lagged somewhat behind, together accounting for a further 38%.

Morocco, with a CAGR of +15.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, declining by -27.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 33%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Djibouti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform