Global Hat Exports Market in 2023 Overview - Tendata

In 2023, worldwide hat exports and sales of similar headgear totaled an impressive US$14.1 billion. This figure represents a significant increase of 40.3% compared to five years earlier in 2019, when hat exports were valued at $10 billion. However, year-over-year, the overall value of hat exports saw a slight decline of -5.3% from $14.8 billion in 2022.

The top three countries leading hat exports globally are mainland China, Vietnam, and Bangladesh. These three nations collectively accounted for nearly three-fifths (57.1%) of total international hat exports in 2023.

Exported Hats by Material

Hats serve a variety of purposes including protection from the weather, religious practices, ceremonial events like graduations, safety, status symbols, and fashion accessories. Exported hats, often part of global hat exports, are crafted from diverse materials, reflecting their wide-ranging uses. In 2023, approximately three-fifths (60.7%) of globally exported hats were knitted or crocheted headgear made from textile fabrics including lace and felt. Miscellaneous headgear followed at 35.6%, while headgear made from assembled strips of various materials represented 3.7%.

Continental Overview

From a continental perspective, Asia led in hat exports, with shipments valued at $9.7 billion, which is nearly three-quarters (64.7%) of the global total. Europe followed with 28.8%, and North America contributed 5.3%. Latin America and the Caribbean accounted for 0.7%, Africa for 0.4%, and Oceania (led by Australia and New Zealand) for 0.2%.

For research purposes, the Harmonized Tariff System (HTS) code prefix is 650500 for knitted or crocheted headgear made from lace, felt, or other textile fabric. Specific HTS codes include 650610 for safety headgear, 650699 for miscellaneous headgear, and 650691 for bathing caps. The HTS prefix for headgear constructed from strips of any material is 6504, providing more detail into the nature of hat exports.

Leading Hat Exporters

Below are the 25 countries that exported the highest dollar value worth of hats in 2023:

1. Mainland China: US$5.9 billion (41.6% of total hat exports)

2. Vietnam: $1.2 billion (8.7%)

3. Bangladesh: $945 million (6.7%)

4. Italy: $736.1 million (5.2%)

5. Germany: $706.1 million (5%)

6. Netherlands: $595 million (4.2%)

7. France: $474.2 million (3.4%)

8. United States: $385.5 million (2.7%)

9. Belgium: $324 million (2.3%)

10. Poland: $266 million (1.9%)

11. Mexico: $252.4 million (1.8%)

12. Spain: $202.4 million (1.4%)

13. United Kingdom: $156.3 million (1.1%)

14. Hong Kong: $138.6 million (1%)

15. Indonesia: $121.8 million (0.9%)

16. Türkiye: $115.4 million (0.8%)

17. Denmark: $111.6 million (0.8%)

18. Czech Republic: $106.4 million (0.8%)

19. Sweden: $92.4 million (0.7%)

20. South Korea: $87.7 million (0.6%)

21. Myanmar: $83.7 million (0.6%)

22. Austria: $81.1 million (0.6%)

23. Cambodia: $75.2 million (0.5%)

24. Taiwan: $69.2 million (0.5%)

25. Canada: $64.9 million (0.5%)

These countries together accounted for 94.4% of total hat exports in 2023.

Notable Growth and Declines in Hat Exports

The countries with the highest increases in hat exports since 2019 include Vietnam (up 110.5%), the United States (up 95.8%), France (up 81.8%), Bangladesh (up 63%), and Germany (up 58%). Conversely, Hong Kong (down -38.1%) and Sweden (down -0.9%) saw declines in their hat exports over the same period.

Top exporters for hats made from knitted or crocheted fabric, lace, felt, or other textile materials in 2023 were:

1. Mainland China: US$3.7 billion (42.9% of textile fabric hat exports)

2. Vietnam: $825.8 million (9.7%)

3. Bangladesh: $628.7 million (7.4%)

4. Italy: $443 million (5.2%)

5. Germany: $429.4 million (5%)

6. Netherlands: $356.1 million (4.2%)

7. France: $255.4 million (3%)

8. United States: $191.8 million (2.2%)

9. Belgium: $191.7 million (2.2%)

10. Poland: $158.6 million (1.9%)

These countries together produced 94.5% of textile fabric hats in 2023, contributing significantly to global hat exports.

Plaited or Strip-Assembled Hats

For hats plaited or assembled from strips of material, the leading exporters in 2023 included:

1. Mainland China: US$262.7 million (50.2% of hats assembled from strips)

2. Mexico: $45.2 million (8.6%)

3. Italy: $25 million (4.8%)

4. United States: $17.97 million (3.4%)

5. Greece: $17.95 million (3.4%)

These countries accounted for 95.7% of plaited or strip-assembled hat exports in 2023.

Miscellaneous Headgear

Top exporters for miscellaneous headgear, including safety hats and bathing caps (but excluding hair nets), in 2023 were:

1. Mainland China: US$1.9 billion (38.6% of miscellaneous headgear)

2. Germany: $358.3 million (7.2%)

3. France: $291.3 million (5.8%)

4. Italy: $275.1 million (5.5%)

5. United States: $258.8 million (5.2%)

These countries supplied 94.2% of miscellaneous hat exports in 2023.

Leading Companies in Hat Exports

According to global trading data, notable companies involved in hat exports in 2023 included:

1.CÔNG TY TNHH SERVEONE VIỆT NAM(11.15%, $371.53 Million)

2.CÔNG TY TNHH GIẦY ANNORA VIỆT NAM(7.29%, $243.02 Million)

3.CÔNG TY TNHH DA GIÀY NHẬT HÙNG(3.8%, $126.75 Million)

4.CÔNG TY TNHH GIẦY SUN JADE VIỆT NAM(3.73%, $124.31 Million)

5.CÔNG TY TNHH QUỐC TẾ LEE BOU BÌNH DƯƠNG(3.71%, $123.75 Million)

6.CÔNG TY TRÁCH NHIỆM HỮU HẠN ĐỈNH VÀNG(2.89%, $96.46 Million)

7.CÔNG TY TRÁCH NHIỆM HỮU HẠN VIENERGY(2.74%, $91.37 Million)

8.CÔNG TY TRÁCH NHIỆM HỮU HẠN CÔNG NGHIỆP GIẦY AURORA VIỆT NAM(2.68%, $89.24 Million)

9.MİTAŞ ENDÜSTRİ SANAYİ TİCARET ANONİM ŞİRKETİ(2.28%, $76.05 Million)

10.F K BAGASRAWALA EXPORTS PRIVATE LIMITED(2.12%, $70.65 Million)

These companies are major contributors to the global hat exports market, highlighting the significance of international trade in this product category.

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