In 2023, Italy led the European production of felt hats with a share of 85.53 units, although it experienced a decline of 7.12% year-on-year. Spain showed resilience with a significant increase of 15.55%, capturing 4.62 units. Lithuania also showed growth at 6.96%, taking a 3.93 unit share. France, Hungary, and Croatia each marked minor positive trends, while Estonia and Denmark saw declines, with Denmark experiencing a dramatic decrease of 52.18%.
Future trends to watch include the continued recovery of Spain and Lithuania's production capacities. Sustainability in production methods may gain interest, influencing consumer preferences and market dynamics. Maximizing production efficiency and exploring new markets may become pivotal for smaller producers to increase their share.
Top countries in Sold Production of Felt Hats and Other Felt Headgear, Made from Hat Bodies or Hoods and Plateaux Share by Country (Units (Items))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 85.53 | 2023 | +12.28% | -7.12% | View data |
| 2 | 2 Spain | 4.62 | 2023 | +1.12% | +15.55% | View data |
| 3 | 3 Lithuania | 3.93 | 2023 | +5.28% | +6.96% | View data |
| 4 | 4 France | 1.54 | 2023 | +5.06% | +12% | View data |
| 5 | 5 Hungary | 1.06 | 2023 | +2.66% | +5.92% | View data |
| 6 | 6 Croatia | 0.58 | 2023 | +0.62% | +6.93% | View data |
| 7 | 7 Estonia | 0.12 | 2023 | +4.48% | -5.9% | View data |
| 8 | 8 Denmark | 0 | 2023 | -42.86% | -52.18% | View data |
