Spain: Hat And Headgear Market 2025

Hat And Headgear Market Size in Spain

After three years of decline, the Spanish hat and headgear market increased by 2.4% to $X in 2022. Overall, consumption saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Hat And Headgear Production in Spain

In value terms, hat and headgear production amounted to less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern.

Hat And Headgear Exports

Exports from Spain

Hat and headgear exports from Spain soared to X units in 2022, rising by 299% against the previous year. In general, exports recorded a significant 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 amounted to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 67% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X units), Portugal (X units) and Italy (X units) were the main destinations of hat and headgear exports from Spain, with a combined 55% share of total exports. Poland, Germany, the United States, the Netherlands, Hungary, Belgium, Romania, the UK, Greece and Turkey lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +44.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) were the largest markets for hat and headgear exported from Spain worldwide, together comprising 45% of total exports. Germany, Poland, the United States, the UK, the Netherlands, Belgium, Greece, Romania, Turkey and Hungary lagged somewhat behind, together comprising a further 35%.

Poland, with a CAGR of +22.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, with a decrease of -73.4% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 20%. As a result, the export price reached the peak level of $X per unit, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($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 Germany (-7.1%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into Spain

In 2022, purchases abroad of hats and other headgear was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed mild growth. The pace of growth was the most pronounced in 2014 when imports increased by 202% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, hat and headgear imports surged to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 +65.4% against 2020 indices. 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) constituted the largest hat and headgear supplier to Spain, with a 72% share of total imports. Moreover, hat and headgear imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The third position in this ranking was taken by Vietnam (X units), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+8.7% per year) and Vietnam (-7.7% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Spain, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 7% share of total imports. It was followed by France, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.3% per year) and France (+8.5% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, rising by 25% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 165%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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