Hat and Headgear Market Overview in Malaysia
In value terms, hat and headgear production soared to $ in 2019 estimated in export prices. Overall, production continues to indicate resilient growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The revenue of the hat and headgear market in Malaysia soared 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, consumption, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the market value increased by % against the previous year. Hat and headgear consumption peaked in 2019 and is likely to continue growth in the immediate term.