Portugal: Hat And Headgear Market 2024

Hat And Headgear Market Size in Portugal

In 2023, after three years of growth, there was significant decline in the Portuguese hat and headgear market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2023: its value 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 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Hat And Headgear Production in Portugal

In value terms, hat and headgear production surged to $X in 2023 estimated in export price. Over the period under review, production showed a deep contraction. The growth pace was the most rapid in 2022 when the production volume increased by X% against the previous year. Hat and headgear production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Hat And Headgear Exports

Exports from Portugal

For the third consecutive year, Portugal recorded growth in shipments abroad of hats and other headgear, which increased by X% to X units in 2023. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, hat and headgear exports soared to $X in 2023. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X units), France (X units) and Sweden (X units) were the main destinations of hat and headgear exports from Portugal, with a combined X% share of total exports. Thailand, Germany, Angola, Italy, Hong Kong SAR, the UK, Cabo Verde, the Netherlands and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hat and headgear exported from Portugal were France ($X), Spain ($X) and Sweden ($X), together comprising X% of total exports. Germany, the UK, Denmark, Italy, Angola, the Netherlands, Hong Kong SAR, Cabo Verde and Thailand lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 2023, with a decrease of X% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2022 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced a decline.

Hat And Headgear Imports

Imports into Portugal

After two years of growth, purchases abroad of hats and other headgear decreased by X% to X units in 2023. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, hat and headgear imports amounted to $X in 2023. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Spain (X units) and Italy (X units) were the main suppliers of hat and headgear imports to Portugal, with a combined X% share of total imports. Thailand, France, Vietnam and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hat and headgear suppliers to Portugal were Spain ($X), China ($X) and Italy ($X), with a combined X% share of total imports. France, the Netherlands, Thailand and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average hat and headgear import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, faced a deep setback. The import price peaked at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform