Report Update Nov 1, 2024

U.S. - Hats and Other Headgear - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Hat And Headgear Market 2024

Hat And Headgear Market Size in the U.S.

In 2022, the U.S. hat and headgear market decreased by -4.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Hat And Headgear Exports

Exports from the U.S.

Hat and headgear exports from the United States skyrocketed to X units in 2022, increasing by 285% compared with 2021. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 286%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hat and headgear exports soared to $X in 2022. Overall, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for hat and headgear exports from the United States, with a 53% share of total exports. Moreover, hat and headgear exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold. Australia (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+24.7% per year) and Australia (+41.8% per year).

In value terms, Canada ($X), Mexico ($X) and Japan ($X) constituted the largest markets for hat and headgear exported from the United States worldwide, together accounting for 70% of total exports.

Mexico, with a CAGR of +15.5%, saw the highest growth rate of 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

The average hat and headgear export price stood at $X per unit in 2022, falling by -63.2% against the previous year. Overall, the export price showed a deep reduction. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China ($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 Mexico (-7.3%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into the U.S.

For the third consecutive year, the United States recorded growth in overseas purchases of hats and other headgear, which increased by 7.7% to X units in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 168% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hat and headgear imports skyrocketed to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +63.4% 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), Bangladesh (X units) and Vietnam (X units) were the main suppliers of hat and headgear imports to the United States, together accounting for 82% of total imports. Mexico, Cambodia, Myanmar and Indonesia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +328.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hats and other headgear to the United States, comprising 41% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total imports. It was followed by Bangladesh, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.7% per year) and Bangladesh (+14.5% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, with an increase of 25% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a 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 Mexico ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hats and other headgear in the world?

The United States constituted the country with the largest volume of hat and headgear consumption, accounting for 78% of total volume. It was followed by Bolivia, with a 2% share of total consumption. Japan ranked third in terms of total consumption with a 1.8% share.

What are the largest producers of hats and other headgear in the world?

China remains the largest hat and headgear producing country worldwide, accounting for 89% of total volume.

What are the leading suppliers of hats and other headgear to the U.S.?

In value terms, China constituted the largest supplier of hat and headgear to the United States, comprising 45% of total imports. The second position in the ranking was occupied by Mexico, with a 14% share of total imports. It was followed by Vietnam, with a 14% share.

What are the leading importers of hats and other headgear from the U.S.?

In value terms, Canada remains the key foreign market for hat and headgear exports from the United States, comprising 43% of total exports. The second position in the ranking was occupied by Mexico, with a 17% share of total exports. It was followed by Japan, with a 6.6% share.

What is the average export price for hats and other headgear in the U.S.?

In 2020, the average hat and headgear export price amounted to $40 per unit, with an increase of 24% against the previous year.

What is the average import price for hats and other headgear in the U.S.?

In 2020, the average hat and headgear import price amounted to $23 per unit, shrinking by -29.2% against the previous year.

This report provides an in-depth analysis of the hat and headgear market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 14194230 - Felt hats and other felt headgear, made from hat bodies or hoods and plateaux
Prodcom 14194250 - Hats and other headgear, plaited or made by assembling strips of any material
Prodcom 14194270 - Hats and other headgear, knitted or crocheted or made-up from lace, felt or other textile fabric in the piece (but not in strips), hair-nets of any material
Prodcom 14194300 - Other headgear (except headgear of rubber or of plastics, s afety headgear and asbestos headgear), headbands, l inings, covers, hat foundations, hat frames, peaks and chinstraps, for headgear

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023