Mannequin Market

The global mannequin market is forecasted to see growth in both volume and value terms from 2022 to 2030. Consumption of mannequins increased by 0.2% in 2022, with the market expected to reach 69K tons by 2030. The market value is projected to increase to $4.6B by 2030. China, Germany, and the United States were the top consuming countries in 2022, while China remains the largest producer of mannequins. The United States, United Arab Emirates, and the UK were the main importers of mannequins, with the United States being the largest market for imported mannequins. On the export side, China was the key exporting country, followed by the United Arab Emirates and the United States. Prices varied by country, with Germany having the highest export price per ton, and the United Arab Emirates having one of the lowest. Average export prices grew at an annual rate of +3.6% over the last decade.

Market Forecast

Driven by rising demand for mannequin worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 69K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $4.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mannequins

In 2022, consumption of mannequins increased by 0.2% to 66K tons, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at 80K tons in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

The global mannequin market revenue expanded to $3.8B in 2022, rising by 1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (11K tons), Germany (9.4K tons) and the United States (4.4K tons), with a combined 37% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Germany (with a CAGR of +58.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest mannequin markets worldwide were Germany ($670M), India ($471M) and the United States ($322M), together accounting for 39% of the global market.

In terms of the main consuming countries, Germany, with a CAGR of +66.4%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of mannequin per capita consumption in 2022 were the Netherlands (200 kg per 1000 persons), the United Arab Emirates (180 kg per 1000 persons) and Germany (113 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Germany (with a CAGR of +58.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Mannequins

In 2022, production of mannequins increased by 11% to 79K tons, rising for the second consecutive year after four years of decline. Over the period under review, production, however, saw a noticeable setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 30%. Global production peaked at 108K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, mannequin production fell to $3.2B in 2022 estimated in export price. Overall, production, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 when the production volume increased by 18%. Over the period under review, global production attained the maximum level at $4.4B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

China (32K tons) remains the largest mannequin producing country worldwide, comprising approx. 41% of total volume. Moreover, mannequin production in China exceeded the figures recorded by the second-largest producer, Germany (10K tons), threefold. The United Arab Emirates (5.4K tons) ranked third in terms of total production with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled -6.5%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+14.8% per year) and the United Arab Emirates (0.0% per year).

Imports

World Imports of Mannequins

In 2022, approx. 47K tons of mannequins were imported worldwide; growing by 4.4% against 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, global imports hit record highs at 53K tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, mannequin imports totaled $2.9B in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Global imports peaked at $3B in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (8.6K tons), distantly followed by the United Arab Emirates (4.2K tons), the UK (3.2K tons), Japan (2.2K tons) and Germany (2.2K tons) represented the main importers of mannequins, together achieving 43% of total imports. France (1.6K tons), Saudi Arabia (1.6K tons), China (1.4K tons), the Netherlands (1.1K tons), Hong Kong SAR (1.1K tons), Spain (1K tons), Russia (0.9K tons) and Canada (0.8K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mannequin imports into the United States stood at +5.1%. At the same time, the United Arab Emirates (+6.2%), Saudi Arabia (+4.1%), the Netherlands (+4.1%), France (+3.9%), the UK (+2.1%) and Germany (+2.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +6.2% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Spain (-2.4%), Canada (-3.9%), Japan (-4.0%), Russia (-4.3%) and Hong Kong SAR (-14.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, the United Arab Emirates and the UK increased by +7.8, +4.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($613M) constitutes the largest market for imported mannequins worldwide, comprising 21% of global imports. The second position in the ranking was held by Germany ($161M), with a 5.6% share of global imports. It was followed by China, with a 5.2% share.

In the United States, mannequin imports increased at an average annual rate of +3.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+7.6% per year) and China (+2.7% per year).

Import Prices By Country

The average mannequin import price stood at $60,877 per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.3% against the previous year. Over the period under review, average import prices reached the maximum at $62,709 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($130,205 per ton), while Saudi Arabia ($30,380 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mannequins

Global mannequin exports soared to 60K tons in 2022, picking up by 19% on the year before. In general, exports, however, continue to indicate a pronounced descent. Over the period under review, the global exports reached the peak figure at 89K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mannequin exports expanded markedly to $3.5B in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The global exports peaked at $3.6B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

China was the key exporting country with an export of about 23K tons, which reached 38% of total exports. The United Arab Emirates (7.8K tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by the United States (9.5%) and Germany (5.3%). The UK (2.3K tons), the Netherlands (1.8K tons), Canada (1K tons) and Hong Kong SAR (1K tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mannequin exports from China stood at -8.2%. At the same time, the United Arab Emirates (+48.3%) and the Netherlands (+8.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.3% from 2012-2022. Canada and the United States experienced a relatively flat trend pattern. By contrast, the UK (-1.7%), Germany (-2.9%) and Hong Kong SAR (-12.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+13 p.p.), the United States (+2.9 p.p.) and the Netherlands (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (-2.5 p.p.) and China (-22.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mannequin supplying countries worldwide were China ($737M), the United States ($605M) and Germany ($376M), together accounting for 50% of global exports. The United Arab Emirates, the UK, the Netherlands, Canada and Hong Kong SAR lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +48.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average mannequin export price amounted to $57,711 per ton, waning by -6.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 11%. Over the period under review, the average export prices attained the peak figure at $61,631 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($117,315 per ton), while the United Arab Emirates ($26,100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform