Belgium: Mannequin Market 2024

Mannequin Market Size in Belgium

In 2022, the Belgian mannequin market increased by 28% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption posted a measured increase. Mannequin consumption peaked in 2022 and is expected to retain growth in years to come.

Mannequin Production in Belgium

In value terms, mannequin production dropped markedly to $X in 2022 estimated in export price. Overall, production showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 88% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Mannequin Exports

Exports from Belgium

In 2022, exports of mannequins from Belgium reduced notably to X tons, falling by -33.7% against the previous year. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 84%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, mannequin exports shrank rapidly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 111% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), France (X tons) and Qatar (X tons) were the main destinations of mannequin exports from Belgium, with a combined 43% share of total exports. The Netherlands, the UK, Cote d'Ivoire, Germany, Cyprus, Gabon, the United Arab Emirates, Spain, Democratic Republic of the Congo and Italy lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +72.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for mannequins exports from Belgium, comprising 20% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9% share of total exports. It was followed by the UK, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.3% per year) and the UK (+3.8% per year).

Export Prices by Country

In 2022, the average mannequin export price amounted to $X per ton, with an increase of 3.6% against the previous year. In general, the export price continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 56%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Belgium

In 2022, overseas purchases of mannequins decreased by -18.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, mannequin imports reduced to $X in 2022. Overall, imports, however, posted slight growth. The pace of growth was the most pronounced in 2013 with an increase of 74% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of mannequin to Belgium, accounting for a 45% share of total imports. Moreover, mannequin imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.5% per year) and the United States (+2.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of mannequins to Belgium, comprising 30% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.2% per year) and Germany (-8.3% per year).

Import Prices by Country

The average mannequin import price stood at $X per ton in 2022, growing by 5.9% against the previous year. Over the period under review, the import price saw a buoyant increase. The growth pace was the most rapid in 2015 an increase of 94% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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