Norway: Hat And Headgear Market 2025

Hat And Headgear Market Size in Norway

The Norwegian hat and headgear market surged to $X in 2022, with an increase of 32% 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). In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.3% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hat And Headgear Exports

Exports from Norway

In 2022, shipments abroad of hats and other headgear increased by 437% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a buoyant expansion. 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. In general, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units) was the main destination for hat and headgear exports from Norway, accounting for a 36% share of total exports. Moreover, hat and headgear exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), threefold. Poland (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+36.0% per year) and Poland (+16.9% per year).

In value terms, Sweden ($X) remains the key foreign market for hats and other headgear exports from Norway, comprising 44% of total exports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total exports. It was followed by France, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+20.4% per year) and France (+31.7% per year).

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2022, waning by -69.6% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Ukraine ($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 States (-1.9%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into Norway

In 2022, overseas purchases of hats and other headgear increased by 47% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +47.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear imports skyrocketed to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +64.1% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hat and headgear to Norway, accounting for a 73% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. Bangladesh (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+19.3% per year) and Bangladesh (+14.7% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Norway, comprising 61% of total imports. The second position in the ranking was held by Vietnam ($X), with a 4.4% share of total imports. It was followed by Bangladesh, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+22.4% per year) and Bangladesh (+22.6% 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. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Sri Lanka ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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