Canada: Mannequin Market 2024

Mannequin Market Size in Canada

The Canadian mannequin market stood at $X in 2022, increasing by 2.4% against the previous year. Overall, consumption saw a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mannequin Production in Canada

In value terms, mannequin production expanded markedly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 72%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Mannequin Exports

Exports from Canada

After two years of decline, shipments abroad of mannequins increased by 32% to X tons in 2022. Overall, exports, however, saw a slight reduction. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, mannequin exports surged to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for mannequin exports from Canada, with a 70% share of total exports. Moreover, mannequin exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.6% per year) and Germany (+18.7% per year).

In value terms, the United States ($X) remains the key foreign market for mannequins exports from Canada, comprising 70% of total exports. The second position in the ranking was held by the UK ($X), with a 3.1% share of total exports. It was followed by Germany, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.6% per year) and Germany (+22.2% per year).

Export Prices by Country

In 2022, the average mannequin export price amounted to $X per ton, waning by -6.5% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 increased by +42.2% against 2014 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and China ($X per ton), while the average price for exports to Australia ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Canada

In 2022, overseas purchases of mannequins increased by 22% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a perceptible shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mannequin imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest mannequin supplier to Canada, with a 46% share of total imports. Moreover, mannequin imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+25.0% per year) and China (-4.4% per year).

In value terms, the United States ($X) constituted the largest supplier of mannequins to Canada, comprising 46% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+30.2% per year) and China (-0.4% per year).

Import Prices by Country

The average mannequin import price stood at $X per ton in 2022, rising by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Germany ($X per ton), while the price for Vietnam ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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