Moldova: Hat Market 2020

Hat Market Size in Moldova

The revenue of the hat market in Moldova amounted to $X in 2018, growing by X% against the previous year. Over the period under review, hat consumption continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the hat market attained its maximum level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Hat Production in Moldova

In value terms, hat production stood at $X in 2018 estimated in export prices. In general, hat production continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, hat production attained its peak level of $X. From 2015 to 2018, hat production growth remained at a lower figure.

Hat Exports

Exports from Moldova

Hat exports from Moldova totaled X units in 2018, growing by X% against the previous year. In general, hat exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Moldova exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, hat exports totaled $X in 2018. In general, the total exports indicated a pronounced increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, hat exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China dominates hat exports structure, resulting at X units, which was near X% of total exports in 2018. Vietnam (X units), Bangladesh (X units), the Netherlands (X units) and Germany (X units) occupied a relatively small share of total exports.

China was also the fastest-growing in terms of the hats and other headgear exports, with a CAGR of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Vietnam (+X%), Germany (+X%) and Bangladesh (+X%) displayed positive paces of growth. From 2007 to 2018, the share of China, Vietnam and the Netherlands increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hat supplier from Moldova, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Bangladesh, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Bangladesh (+X% per year).

Export Prices by Country

In 2018, the hat export price in Moldova amounted to $X per unit, lowering by -X% against the previous year. In general, the hat export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, the export prices for hats and other headgear attained their maximum at $X per unit in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced mixed trends in the export price figures.

Hat Imports

Imports into Moldova

In 2018, the amount of hats and other headgear imported into Moldova stood at X units, going up by X% against the previous year. Over the period under review, hat imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Over the period under review, hat imports reached their maximum at X units in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, hat imports amounted to $X in 2018. In general, hat imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Moldova imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. was the main importer of hats and other headgear imported in the world, with the volume of imports resulting at X units, which was approx. X% of total imports in 2018. The UK (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Germany (X%) and Japan (X%). The following importers - France (X units), Mexico (X units), the Netherlands (X units), Spain (X units), South Africa (X units), South Korea (X units), Belgium (X units) and Australia (X units) - together made up X% of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Mexico (+X%), the Netherlands (+X%), South Korea (+X%), the UK (+X%), South Africa (+X%), Germany (+X%), Japan (+X%), Belgium (+X%) and France (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. By contrast, Australia (-X%) and Spain (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), the UK (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hats and other headgear into Moldova, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., hat imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Germany (+X% per year).

Import Prices by Country

The hat import price in Moldova stood at $X per unit in 2018, waning by -X% against the previous year. Overall, the import price indicated resilient growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hat import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X% y-o-y. In that year, the import prices for hats and other headgear attained their peak level of $X per unit. From 2017 to 2018, the growth in terms of the import prices for hats and other headgear failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform