In 2023, Italy led the European market for the production of hats and headgear, capturing the largest share, despite a 6.05% year-on-year decrease. The United Kingdom and France followed, with moderate growth of 1.2% and 3.92%, respectively. Spain and Poland also played notable roles, with Spain showing a slight increase and Poland experiencing a decline. Notably, Austria and Finland showed significant growth at 7.49% and 15.47%, while Denmark faced a steep decline of 24.82%. Growth in Latvia was impressive, with a substantial increase of 38.91%, whereas smaller markets like Bulgaria and Hungary also saw notable growth.
Future trends to watch include potential stabilization in Italy, growth momentum in the UK and France, and the impact of high growth rates in emerging markets like Finland and Latvia. Monitoring economic policies and consumer fashion trends will be key to understanding dynamics in this sector.
Top countries in Sold Production of Hats and Other Headgear, Knitted or Crocheted or Made-Up from Lace, Felt or Other Textile Fabric in the Piece, Hair-Nets Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.92 | 2023 | +29.07% | -6.05% | View data |
| 2 | 2 United Kingdom | 13.82 | 2023 | +0.82% | +1.2% | View data |
| 3 | 3 France | 9.42 | 2023 | +3.62% | +3.92% | View data |
| 4 | 4 Spain | 8.89 | 2023 | +4.46% | +1.77% | View data |
| 5 | 5 Poland | 8.07 | 2023 | -2.66% | -3.83% | View data |
| 6 | 6 Germany | 6.15 | 2023 | -6.33% | -5.7% | View data |
| 7 | 7 Austria | 5.76 | 2023 | +13.46% | +7.49% | View data |
| 8 | 8 Finland | 3.85 | 2023 | +4.86% | +15.47% | View data |
| 9 | 9 Denmark | 1.8 | 2023 | -6.9% | -24.82% | View data |
| 10 | 10 Czechia | 1.68 | 2023 |
