Hat and Headgear Market Overview in Denmark
Market Overview
The Danish hat and headgear market skyrocketed to $
in 2019, rising 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). In general, the total consumption indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, hat and headgear production soared to $ in 2019 estimated in export prices. Overall, production continues to indicate resilient growth. The growth pace was the most rapid in 2008 with an increase of % year-to-year. Over the period under review, production reached the peak level in 2019 and is likely to continue growth in years to come.
in 2019, rising 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). In general, the total consumption indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, hat and headgear production soared to $
in 2019 estimated in export prices. Overall, production continues to indicate resilient growth. The growth pace was the most rapid in 2008 with an increase of % year-to-year. Over the period under review, production reached the peak level in 2019 and is likely to continue growth in years to come.Consumption
In 2019, the amount of hats and other headgear consumed in Denmark soared to units, picking up by % against the previous year's figure. Over the period under review, consumption saw a pronounced increase. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.
The revenue of the hat and headgear market in Denmark surged to $ in 2019, growing 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, the total consumption indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
units, picking up by % against the previous year's figure. Over the period under review, consumption saw a pronounced increase. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.The revenue of the hat and headgear market in Denmark surged to $
in 2019, growing 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, the total consumption indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.Market Forecast
The hat and headgear market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eleven-year period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the eleven-year period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
Hat and headgear market in Denmark consists almost entirely of imported products.
Trade Balance
Denmark remains a net importer of hat and headgear; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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