Hat and Headgear Market Overview in Portugal
In value terms, hat and headgear production shrank to $ in 2019 estimated in export prices. In general, production continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. Hat and headgear production peaked at $ in 2011; however, from 2012 to 2019, production failed to regain the momentum.
The value of the hat and headgear market in Portugal shrank modestly to $ in 2019, with a decrease 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). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $, and then reduced slightly in the following year.