Hat and Headgear Market Overview in Colombia
In value terms, hat and headgear production surged to $ in estimated in export prices. Over the period under review, production, however, saw a deep downturn. Over the period under review, production reached the peak level at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.
The size of the hat and headgear market in Colombia rose slightly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a mild decline. The growth pace was the most rapid in 2008 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. from 2009 to , the growth of the market remained at a lower figure.