The global export market for hat-shapes plaited or made by assembling strips is dominated by China and Ecuador, which together account for a significant portion of the trade. In 2023, China's market share saw a slight decline, while Ecuador showed positive growth. South Africa, Serbia, and the Philippines also exhibited growth, while the United States and Australia experienced notable decreases.
Future trends to watch include the rapid rise of South Korea's export share, which showed impressive growth in 2023. Additionally, markets like Barbados and Indonesia may further contribute to diversification, while traditional powerhouses like China may continue to experience slight declines due to competitive pressures.
Top countries in Export of Hat-Shapes Plaited or Made by Assembling Strips of Any Material Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 41.82 | 2023 | -3.3% | -2.18% | View data |
| 2 | 2 Ecuador | 37.82 | 2023 | +1.25% | +2.53% | View data |
| 3 | 3 Czech Republic | 4.36 | 2023 | +4.71% | -6.08% | View data |
| 4 | 4 India | 3.51 | 2023 | -3.91% | -5.86% | View data |
| 5 | 5 Philippines | 2.68 | 2023 | +4.48% | +2.65% | View data |
| 6 | 6 United Kingdom | 2.26 | 2023 | +2.32% | +0.76% | View data |
| 7 | 7 Italy | 1.63 | 2023 | -6.75% | -5.06% | View data |
| 8 | 8 South Africa | 1.2 | 2023 | +1.78% | +4.42% | View data |
| 9 | 9 Serbia | 0.62 | 2023 | +1.7% | +8.54% | View data |
| 10 | 10 United States | 0.5 | 2023 | -35.5% | -23.77% | View data |
