Hat and Headgear Market Overview in India
In value terms, hat and headgear production surged to $ in 2019 estimated in export prices. In general, production, however, showed a relatively flat trend pattern. Hat and headgear production peaked at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.
The size of the hat and headgear market in India skyrocketed to $ in 2019, 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, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.