Hat and Headgear Market Overview in Peru
In value terms, hat and headgear production skyrocketed to $ in 2019 estimated in export prices. Overall, production, however, showed a relatively flat trend pattern. Hat and headgear production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The revenue of the hat and headgear market in Peru skyrocketed to $ in 2019, jumping 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). In general, the total consumption indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.