Market movement
In 2024, hats and other headgear: knitted or crocheted, or made up from lace, felt or other textile fabric, in the piece (but not in strips), whether or not lined or trimmed: hair-nets of any material, whether or not lined or trimmed trade exhibited modest growth, with global flows reaching $7,631,917,713 and a three-year compound annual growth rate of +7.3% (five-year: +7.3%). The all-time peak of $7,834,348,260 was recorded in 2022; the current level is 3% below that high-water mark.
Over the 30-year observation window (1995–2024), 76% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (+2.2% acceleration).
