Global Hat And Headgear Market 2025

Hat And Headgear Market Size

In 2022, the global hat and headgear market increased by 4.4% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.6% against 2020 indices. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Hat And Headgear Production

In value terms, hat and headgear production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 9.3% against the previous year. Over the period under review, global production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Hat And Headgear Exports

Exports

In 2022, approx. X units of hats and other headgear were exported worldwide; growing by 116% against 2021. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 expanded rapidly to $X in 2022. In general, exports, however, saw a perceptible reduction. The global exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X units), distantly followed by the United States (X units), Vietnam (X units) and Bangladesh (X units) represented the largest exporters of hats and other headgear, together constituting 66% of total exports. The following exporters - Spain (X units), Thailand (X units), Hong Kong SAR (X units), Indonesia (X units), Germany (X units), Belgium (X units), South Korea (X units), Turkey (X units) and Cambodia (X units) - together made up 19% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +31.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest hat and headgear supplier worldwide, comprising 30% of global exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of global exports. It was followed by Germany, with a 9.5% share.

In China, hat and headgear exports contracted by an average annual rate of -9.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+6.8% per year) and Germany (+8.7% per year).

Export Prices by Country

In 2022, the average hat and headgear export price amounted to $X per unit, which is down by -47.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 14%. As a result, the export price attained the peak level of $X per unit, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.0%), while the other global leaders experienced mixed trends in the export price figures.

Hat And Headgear Imports

Imports

In 2022, supplies from abroad of hats and other headgear increased by 52% to X units, rising for the second year in a row after two years of decline. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hat and headgear imports surged to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +44.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importer of hats and other headgear in the world, with the volume of imports finishing at X units, which was near 32% of total imports in 2022. Belgium (X units) held the second position in the ranking, followed by Greece (X units). All these countries together held near 16% share of total imports. The following importers - Australia (X units), South Africa (X units), Germany (X units), Bolivia (X units), the UK (X units), Mexico (X units), France (X units), Saudi Arabia (X units), Japan (X units) and the Netherlands (X units) - each finished at a 19% share of total imports.

Imports into the United States increased at an average annual rate of +11.6% from 2012 to 2022. At the same time, Bolivia (+45.9%), Greece (+44.0%), Belgium (+29.5%), Australia (+11.1%), South Africa (+10.2%), Mexico (+6.7%), the Netherlands (+5.2%), Germany (+2.8%) and Saudi Arabia (+1.4%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in the world, with a CAGR of +45.9% from 2012-2022. France and the UK experienced a relatively flat trend pattern. By contrast, Japan (-2.6%) illustrated a downward trend over the same period. Belgium (+8.3 p.p.), the United States (+6.6 p.p.), Greece (+5.5 p.p.) and Bolivia (+2 p.p.) significantly strengthened its position in terms of the global imports, while Saudi Arabia, Germany, France, the UK and Japan saw its share reduced by -1.7%, -1.9%, -2%, -2.6% and -3.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hats and other headgear worldwide, comprising 32% of global imports. The second position in the ranking was held by Germany ($X), with a 6.9% share of global imports. It was followed by Japan, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +6.1%. In the other countries, the average annual rates were as follows: Germany (+6.3% per year) and Japan (+0.0% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, falling by -17.7% against the previous year. Overall, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 8% 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 failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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