Hat and Headgear Market Overview in Austria
In value terms, hat and headgear production declined rapidly to $ in estimated in export prices. Overall, production recorded a pronounced reduction. The pace of growth was the most pronounced in 2012 when the production volume increased by % year-to-year. Hat and headgear production peaked at $ in 2016; however, from 2017 to , production remained at a lower figure.
The size of the hat and headgear market in Austria rose sharply to $ in , increasing 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 ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Over the period under review, the market hit record highs in and is likely to continue growth in years to come.