Hat and Headgear Market Overview in Thailand
In value terms, hat and headgear production surged to $ in 2019 estimated in export prices. Overall, the total production indicated mild growth 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, production increased by +% against 2016 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by % against the previous year. Hat and headgear production peaked in 2019 and is expected to retain growth in years to come.
The size of the hat and headgear market in Thailand rose significantly to $ in 2019, picking up 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of % against the previous year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the near future.