Hat and Headgear Market Overview in Denmark
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.
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.