Hat and Headgear Market Overview in Viet Nam
In value terms, hat and headgear production contracted remarkably to $ in 2019 estimated in export prices. Over the period under review, production saw a slight decrease. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Hat and headgear production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
The value of the hat and headgear market in Viet Nam expanded slightly to $ in 2019, increasing 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 continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Hat and headgear consumption peaked at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.