MENA: Hat And Headgear Market 2024

Hat And Headgear Market Size in MENA

The MENA's hat and headgear market skyrocketed to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hat And Headgear Production in MENA

In value terms, hat and headgear production shrank to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked at $X in 2021, and then declined in the following year.

Hat And Headgear Exports

Exports in MENA

In 2022, hat and headgear exports in MENA surged to X units, increasing by X% on the previous year. In general, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear exports soared to $X in 2022. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) and Egypt (X units) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Tunisia (X units), making up a X% share of total exports. Morocco (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Egypt (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hat and headgear supplying countries in MENA were Turkey ($X), Egypt ($X) and Morocco ($X), together comprising X% of total exports.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Hat And Headgear Imports

Imports in MENA

In 2022, the amount of hats and other headgear imported in MENA skyrocketed to X units, jumping by X% compared with the previous year. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hat and headgear imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia represented the main importer of hats and other headgear in MENA, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), Israel (X units), Morocco (X units), Iraq (X units) and Djibouti (X units), together creating a X% share of total imports. Algeria (X units), Egypt (X units), Qatar (X units), Kuwait (X units), Turkey (X units), Iran (X units) and Oman (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hat and headgear imports into Saudi Arabia stood at X%. At the same time, Djibouti (X%), Morocco (X%), Oman (X%), Qatar (X%), Kuwait (X%), Israel (X%), Iraq (X%) and Iran (X%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Egypt and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Algeria (X%) and Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Djibouti, Israel and Qatar increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hat and headgear importing markets in MENA were Saudi Arabia ($X), Israel ($X) and Turkey ($X), together accounting for X% of total imports. The United Arab Emirates, Qatar, Morocco, Kuwait, Iraq, Egypt, Algeria, Oman, Djibouti and Iran lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Djibouti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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