Asia-Pacific: Mannequin Market 2024

Mannequin Market Size in Asia-Pacific

The Asia-Pacific mannequin market reduced to $X in 2022, waning by -5.1% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Mannequin Production in Asia-Pacific

In value terms, mannequin production shrank to $X in 2022 estimated in export price. Overall, production showed a noticeable decrease. The growth pace was the most rapid in 2019 when the production volume increased by 9.7%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mannequin Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded decline in overseas shipments of mannequins, which decreased by -3.8% to X tons in 2022. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 21%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mannequin exports shrank to $X in 2022. Over the period under review, exports saw a perceptible slump. The pace of growth was the most pronounced in 2016 with an increase of 34%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 82% of total exports in 2022. Hong Kong SAR (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), India (X tons) and Japan (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -8.2% from 2012 to 2022. At the same time, Taiwan (Chinese) (+2.8%) and India (+2.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +2.8% from 2012-2022. By contrast, Japan (-2.8%), South Korea (-5.3%) and Hong Kong SAR (-12.3%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-2.4 p.p.) and China (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mannequin supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was taken by Japan ($X), with a 6% share of total exports. It was followed by Hong Kong SAR, with a 4.9% share.

In China, mannequin exports decreased by an average annual rate of -3.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-3.5% per year) and Hong Kong SAR (-9.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, shrinking by -3.3% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mannequin export price decreased by -7.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 14% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X 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 leaders experienced more modest paces of growth.

Mannequin Imports

Imports in Asia-Pacific

In 2022, overseas purchases of mannequins increased by 10% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, mannequin imports dropped slightly to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Japan (X tons), China (X tons), Hong Kong SAR (X tons), South Korea (X tons) and India (X tons) were the largest importers of mannequins, together comprising 77% of total imports. Malaysia (X tons), Australia (X tons), Pakistan (X tons), Taiwan (Chinese) (X tons), Thailand (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mannequin importing markets in Asia-Pacific were China ($X), Indonesia ($X) and Japan ($X), together comprising 49% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, waning by -13.1% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the import price increased by 15%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Malaysia ($X 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 leaders experienced more modest paces of growth.

Source: IndexBox Platform

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