The market size for hats and other headgear, including knitted or crocheted items, in Portugal has shown a fluctuating pattern from 2013 to 2023, reaching 18.471 million Euros in 2023. 2020 saw a significant decline of 15.83%, likely due to pandemic effects, followed by a strong recovery in 2021. The last five years witnessed a modest average CAGR of 1%, indicating stable but slow growth. Year-on-year variations highlight market resilience, particularly in the post-pandemic period with steady growth in 2022 and 2023.
Future trends to consider include potential growth driven by fashion trends, sustainability in headgear materials, and increased demand for cultural and recreational events. Additionally, evolving consumer preferences towards artisanal and customized headgear could further influence market dynamics and expansion opportunities.
How does Portugal rank in Hats and Other Headgear, Knitted or Crocheted or Made-Up from Lace, Felt or Other Textile Fabric in the Piece, Hair-Nets Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 254,120,000 | 2023 | +1.85% | +2.87% | View data |
| 2 | 2 Germany | 187,150,000 | 2023 | +0.48% | +0.85% | View data |
| 3 | 3 France | 185,860,000 | 2023 | +3.52% | -0.95% | View data |
| 4 | 4 Sweden | 71,653,000 | 2023 | +4.62% | +5.13% | View data |
| 5 | 5 Italy | 70,615,000 | 2023 | -0.23% | -0.12% | View data |
| 8 | 8 Finland | 37,821,000 | 2023 | +0.68% | +4.33% | View data |
| 9 | 9 Ireland | 29,333,000 | 2023 | +4.23% | +2.45% | View data |
| 10 | 10 Portugal | 18,471,000 | 2023 | +1.27% | +1% | |
