Hat and Headgear Market Overview in Saudi Arabia
In value terms, hat and headgear production rose remarkably to $ in 2019 estimated in export prices. Overall, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2010 with an increase of % year-to-year. Hat and headgear production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The value of the hat and headgear market in Saudi Arabia expanded modestly to $ in 2019, rising 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, consumption, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.