In 2023, the United Kingdom and Italy together dominated over 79% of European imports of hat-forms, hat bodies, and related items. The UK saw the most significant growth at 18.51%, while Italy declined by 8.61%. Malta had an extraordinary rise of 697.21%, positioning itself higher in the ranks. Conversely, Spain, Belgium, and Poland experienced double-digit declines, indicative of shifting market dynamics.
Looking ahead to 2024 and beyond, crucial trends to watch include:
- The potential for further UK market expansion.
- Whether Malta can sustain its exceptional growth.
- Ongoing declines in traditional powerhouses like Spain and Poland could lead to market re-balancing.
- The impact of emerging markets, fueled by digital transformation and e-commerce.
Top countries in Import of Hat-Forms, Hat Bodies and Hoods, Plateaux and Manchons of Felt Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 41.05 | 2023 | +1.84% | +18.51% | View data |
| 2 | 2 Italy | 38.75 | 2023 | -8.66% | -8.61% | View data |
| 3 | 3 Malta | 6.76 | 2023 | +24.62% | +697.21% | View data |
| 4 | 4 Spain | 5.77 | 2023 | +6.83% | -13.79% | View data |
| 5 | 5 Belgium | 5.53 | 2023 | +23.11% | -16.35% | View data |
| 6 | 6 Germany | 4.67 | 2023 | +0.35% | -5.32% | View data |
| 7 | 7 Romania | 2.74 | 2023 | -3.67% | -2.9% | View data |
| 8 | 8 Poland | 2.12 | 2023 | -20.12% | -17.26% | View data |
| 9 | 9 Ireland | 1.91 | 2023 | +11.13% | -2% | View data |
| 10 | 10 Slovakia | 1.85 | 2023 | -20.94% | -18.49% | View data |
