Poland: Hat And Headgear Market 2024

Hat And Headgear Market Size in Poland

In 2022, the Polish hat and headgear market increased by 28% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a significant increase. Hat and headgear consumption peaked in 2022 and is likely to see steady growth in the near future.

Hat And Headgear Production in Poland

In value terms, hat and headgear production shrank sharply to $X in 2022 estimated in export price. In general, production showed a perceptible slump. The pace of growth appeared the most rapid in 2019 with an increase of 16% against the previous year. Hat and headgear production peaked at $X in 2021, and then contracted rapidly in the following year.

Hat And Headgear Exports

Exports from Poland

For the fourth consecutive year, Poland recorded growth in overseas shipments of hats and other headgear, which increased by 11% to X units in 2022. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2019 with an increase of 71%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, hat and headgear exports contracted slightly to $X in 2022. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 106%. The exports peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Germany (X units) was the main destination for hat and headgear exports from Poland, with a 26% share of total exports. Moreover, hat and headgear exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. Romania (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+27.4% per year) and Romania (+29.6% per year).

In value terms, Germany ($X) remains the key foreign market for hats and other headgear exports from Poland, comprising 37% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 7.3% share of total exports. It was followed by Romania, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+30.5% per year) and Romania (+30.1% per year).

Export Prices by Country

The average hat and headgear export price stood at $X per unit in 2022, waning by -10.6% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 export price increased by +41.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Latvia ($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 Slovakia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Poland

In 2022, purchases abroad of hats and other headgear increased by 20% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 63%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, hat and headgear imports soared to $X in 2022. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hat and headgear to Poland, with a 79% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), more than tenfold. Vietnam (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+51.9% per year) and Vietnam (+39.1% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Poland, comprising 67% of total imports. The second position in the ranking was held by Germany ($X), with a 6.1% share of total imports. It was followed by Bangladesh, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.7% per year) and Bangladesh (+45.6% per year).

Import Prices by Country

The average hat and headgear import price stood at $X per unit in 2022, falling by -3.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

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 Germany ($X per unit), while the price for Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :