Hat and Headgear Market Overview in Bangladesh
In value terms, hat and headgear production reached $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of % y-o-y. Over the period under review, production reached the peak level at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The size of the hat and headgear market in Bangladesh expanded remarkably to $ in 2019, with an increase of % 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 showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.