Hat and Headgear Market Overview in Sweden
Market Overview
The Swedish hat and headgear market expanded modestly to $
in 2019, surging 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). Over the period under review, the total consumption indicated a moderate 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 decreased by -% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
In value terms, hat and headgear production totaled $ in 2019 estimated in export prices. Over the period under review, production recorded a perceptible setback. Hat and headgear production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
in 2019, surging 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). Over the period under review, the total consumption indicated a moderate 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 decreased by -% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.In value terms, hat and headgear production totaled $
in 2019 estimated in export prices. Over the period under review, production recorded a perceptible setback. Hat and headgear production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, the amount of hats and other headgear consumed in Sweden shrank slightly to units, declining by -% on 2018 figures. In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the consumption volume increased by % against the previous year. As a result, consumption reached the peak volume of units. From 2015 to 2019, the growth of the consumption failed to regain the momentum.
The size of the hat and headgear market in Sweden expanded modestly 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). Over the period under review, the total consumption indicated a moderate 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 decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
units, declining by -% on 2018 figures. In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the consumption volume increased by % against the previous year. As a result, consumption reached the peak volume of units. From 2015 to 2019, the growth of the consumption failed to regain the momentum.The size of the hat and headgear market in Sweden expanded modestly 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). Over the period under review, the total consumption indicated a moderate 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 decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for hat and headgear in Sweden, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Hat and headgear market in Sweden consists almost entirely of imported products.
Trade Balance
Sweden remains a net importer of hat and headgear; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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