Malta: Hat Market 2020

Hat Market Size in Malta

The revenue of the hat market in Malta amounted to $X in 2018, reducing 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). Overall, hat consumption continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. In that year, the hat market attained its peak level of $X, and then declined slightly in the following year.

Hat Exports

Exports from Malta

Hat exports from Malta totaled X units in 2018, stabilizing at the previous year. Overall, hat exports, however, continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Malta exports peaked at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, hat exports amounted to $X in 2018. Overall, hat exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, hat exports attained their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

China dominates hat exports structure, accounting for X units, which was approx. X% of total exports in 2018. The following exporters - Vietnam (X units), Bangladesh (X units), the Netherlands (X units) and Germany (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the hats and other headgear exports, with a CAGR of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Vietnam (+X%), Germany (+X%) and Bangladesh (+X%) displayed positive paces of growth. From 2007 to 2018, the share of China, Vietnam and the Netherlands increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hat supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Bangladesh, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Bangladesh (+X% per year).

Export Prices by Country

In 2018, the hat export price in Malta amounted to $X per unit, going up by X% against the previous year. In general, the hat export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. In that year, the export prices for hats and other headgear reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced mixed trends in the export price figures.

Hat Imports

Imports into Malta

In 2018, approx. X units of hats and other headgear were imported into Malta; increasing by X% against the previous year. In general, hat imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Malta imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, hat imports totaled $X in 2018. Overall, hat imports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. In that year, hat imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

The U.S. represented the largest importing country with an import of about X units, which reached X% of total imports. The UK (X units) occupied the second position in the ranking, followed by Germany (X units) and Japan (X units). All these countries together took approx. X% share of total imports. France (X units), Mexico (X units), the Netherlands (X units), Spain (X units), South Africa (X units), South Korea (X units), Belgium (X units) and Australia (X units) occupied a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to hat imports into the U.S. stood at -X%. At the same time, Mexico (+X%), the Netherlands (+X%), South Korea (+X%), the UK (+X%), South Africa (+X%), Germany (+X%), Japan (+X%), Belgium (+X%) and France (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Australia (-X%) and Spain (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), the UK (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hats and other headgear into Malta, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the hat import price in Malta amounted to $X per unit, waning by -X% against the previous year. Overall, the hat import price continues to indicate a mild drop. The growth pace was the most rapid in 2017 when the import price increased by X% y-o-y. In that year, the import prices for hats and other headgear reached their peak level of $X per unit, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform