Uganda: Hat And Headgear Market 2024

Hat And Headgear Market Size in Uganda

The Ugandan hat and headgear market skyrocketed to $X in 2022, increasing by X% 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, consumption showed prominent growth. Hat and headgear consumption peaked in 2022 and is likely to continue growth in the near future.

Hat And Headgear Exports

Exports from Uganda

In 2022, the amount of hats and other headgear exported from Uganda soared to X units, with an increase of X% compared with 2021. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, hat and headgear exports shrank slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for hat and headgear exports from Uganda, with a X% share of total exports. Moreover, hat and headgear exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, South Sudan (X units), threefold. The third position in this ranking was taken by Burundi (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (X% per year) and Burundi (X% per year).

In value terms, Democratic Republic of the Congo ($X), South Sudan ($X) and Burundi ($X) appeared to be the largest markets for hat and headgear exported from Uganda worldwide, together accounting for X% of total exports.

South Sudan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average hat and headgear export price amounted to $X per unit, waning by X% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Burundi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hat And Headgear Imports

Imports into Uganda

In 2022, hat and headgear imports into Uganda soared to X units, picking up by X% on 2021 figures. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hat and headgear imports amounted to $X in 2022. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest hat and headgear supplier to Uganda, accounting for a X% share of total imports. Moreover, hat and headgear imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of hats and other headgear to Uganda, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average hat and headgear import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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