Hat and Headgear Market Overview in the USA
In value terms, hat and headgear production declined modestly to $ in 2019. In general, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Hat and headgear production peaked at $ in 2011; however, from 2012 to 2019, production failed to regain the momentum.
The revenue of the hat and headgear market in the U.S. amounted 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). Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.