Myanmar: Hat And Headgear Market 2025

Hat And Headgear Market Size in Myanmar

In 2022, the Myanmar's hat and headgear market increased by 601% to $X, rising for the second year in a row after five years of decline. In general, consumption enjoyed a strong expansion. Hat and headgear consumption peaked in 2022 and is expected to retain growth in years to come.

Hat And Headgear Production in Myanmar

In value terms, hat and headgear production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. Hat and headgear production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Hat And Headgear Exports

Exports from Myanmar

Hat and headgear exports from Myanmar skyrocketed to X units in 2022, growing by 16% against 2021 figures. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 728%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, hat and headgear exports soared to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 489%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for hat and headgear exports from Myanmar, with a 34% share of total exports. Moreover, hat and headgear exports to the United States exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +173.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+72.4% per year) and Germany (+81.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for hats and other headgear exports from Myanmar, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Poland, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +198.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+74.2% per year) and Poland (+43.1% per year).

Export Prices by Country

In 2022, the average hat and headgear export price amounted to $X per unit, rising by 29% against the previous year. In general, the export price, however, continues to indicate a slight descent. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Estonia ($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 Netherlands (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Myanmar

In 2022, purchases abroad of hats and other headgear was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear imports soared to $X in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of hat and headgear to Myanmar, with a 99% share of total imports. It was followed by Thailand (X units), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +77.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-16.8% per year) and India (-37.7% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Myanmar, comprising 99% of total imports. The second position in the ranking was held by Thailand ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-26.2% per year) and India (-36.5% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2022, dropping by -83.9% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 127%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :