U.S.: Safety Headgear Market 2024

Safety Headgear Market Size in the U.S.

In 2021, after two years of decline, there was significant growth in the U.S. safety headgear market, when its value increased by 37% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Safety Headgear Production in the U.S.

In value terms, safety headgear production skyrocketed to $X in 2021. In general, production, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2013 with an increase of 21%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Safety Headgear Exports

Exports from the U.S.

Safety headgear exports from the United States totaled X units in 2021, with an increase of 6.4% on the previous year. Over the period under review, exports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 24%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, safety headgear exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units), Mexico (X units) and Chile (X units) were the main destinations of safety headgear exports from the United States, with a combined 55% share of total exports. Peru, the Netherlands, France, the UK, Saudi Arabia, Australia, Indonesia, El Salvador, the United Arab Emirates and Venezuela lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +55.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for safety headgear exports from the United States, comprising 38% of total exports. The second position in the ranking was held by Mexico ($X), with a 10% share of total exports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.4% per year) and the Netherlands (+28.0% per year).

Export Prices by Country

The average safety headgear export price stood at $X per unit in 2021, increasing by 15% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safety headgear export price increased by +49.3% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Headgear Imports

Imports into the U.S.

For the fourth year in a row, the United States recorded growth in overseas purchases of safety headgear, which increased by 11% to X units in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.0% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 17%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, safety headgear imports soared to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest safety headgear supplier to the United States, with a 67% share of total imports. Moreover, safety headgear imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. Mexico (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.0% per year) and Mexico (+22.5% per year).

In value terms, China ($X) constituted the largest supplier of safety headgear to the United States, comprising 63% of total imports. The second position in the ranking was held by Vietnam ($X), with a 6.7% share of total imports. It was followed by Taiwan (Chinese), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+18.5% per year) and Taiwan (Chinese) (+4.0% per year).

Import Prices by Country

In 2021, the average safety headgear import price amounted to $X per unit, with an increase of 19% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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