REPORT


production in Europe


Hat by Elly Stemerdink


Exactly one year ago we looked at the figures regarding hat sales in the previous few years in Europe. The presented numbers ended with 2019, the year before the pandemic started. To follow up, in this issue we turn our attention to the other side of the industry, the manufacturers. And this time information is included about both 2020 and 2021, the two years that sales and production were highly affected by restrictions and lockdowns. It is no surprise that this had significant consequences for all businesses in the industry.


12 10 8 6 4 2


0 2016 units % y-o-y 8.9M 2017


9.6M +7.9%


While the total production of hats and headgear in Europe indicated pronounced growth from 2016 to 2021, its value decreased at an average annual rate of −1.8% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the


2018


10.9M +13.5%


2019


9.7M +11%


2020 6.6M


2021 8.2M -32% +24.2%


analysed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.


The countries with the highest volume of hat and headgear production in 2021 were Italy (2.1M units), the UK (1.5M units) and Spain (815K units), with a combined 54% share of


may 2022 | 13


production of hats & headgear in europe 2016-2021


(in million units)


Source: IndexBox


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