Hat and Headgear Market Overview in India
Market Overview
The Indian hat and headgear market declined to $
in 2019, falling 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2018, and then declined in the following year.
In value terms, hat and headgear production expanded to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. Hat and headgear production peaked at $ in 2016; however, from 2017 to 2019, production remained at a lower figure.
in 2019, falling 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2018, and then declined in the following year.In value terms, hat and headgear production expanded to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. Hat and headgear production peaked at $ in 2016; however, from 2017 to 2019, production remained at a lower figure.Consumption
In 2019, approx. units of hats and other headgear were consumed in India; picking up by % on the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Over the period under review, consumption attained the maximum volume in 2019 and is likely to continue growth in the near future.
The size of the hat and headgear market in India fell to $ in 2019, shrinking 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Hat and headgear consumption peaked at $ in 2018, and then shrank in the following year.
units of hats and other headgear were consumed in India; picking up by % on the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Over the period under review, consumption attained the maximum volume in 2019 and is likely to continue growth in the near future.The size of the hat and headgear market in India fell to $
in 2019, shrinking 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Hat and headgear consumption peaked at $ in 2018, and then shrank in the following year.Market Forecast
Driven by increasing demand for hat and headgear in India, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Over the period under review, the share of imports in terms of total hat and headgear consumption in India was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the India hat and headgear market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the India hat and headgear market is largely supplied by domestic manufacturers.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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