Portugal: Hat And Headgear Market 2025

Hat And Headgear Market Size in Portugal

In 2022, after three years of decline, there was significant growth in the Portuguese hat and headgear market, when its value increased by 5.5% to $X. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -31.0% against 2018 indices. Hat and headgear consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Hat And Headgear Production in Portugal

In value terms, hat and headgear production stood at less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

Hat And Headgear Exports

Exports from Portugal

In 2022, hat and headgear exports from Portugal soared to X units, increasing by 277% compared with the previous year. In general, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear exports stood at $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 71%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X units), Sweden (X units) and France (X units) were the main destinations of hat and headgear exports from Portugal, together accounting for 58% of total exports. Angola, Denmark, Germany, Italy, the UK, Sao Tome and Principe, the Netherlands and the United States lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +61.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Sweden ($X) appeared to be the largest markets for hat and headgear exported from Portugal worldwide, with a combined 47% share of total exports. Denmark, the UK, Germany, the United States, Angola, Italy, the Netherlands and Sao Tome and Principe lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, Denmark, with a CAGR of +44.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hat and headgear export price amounted to $X per unit, declining by -71.4% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sao Tome and Principe ($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 Italy (-6.1%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into Portugal

In 2022, purchases abroad of hats and other headgear increased by 24% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, hat and headgear imports surged to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +81.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Spain (X units) and the Netherlands (X units) were the main suppliers of hat and headgear imports to Portugal, with a combined 76% share of total imports. France, Italy, Thailand and Germany lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and the Netherlands ($X) constituted the largest hat and headgear suppliers to Portugal, together accounting for 62% of total imports. France, Italy, Thailand and Germany lagged somewhat behind, together accounting for a further 30%.

Germany, with a CAGR of +19.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, picking up by 15% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 import price increased by +61.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 19%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Germany (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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