Colombia: Mannequin Market 2024

Mannequin Market Size in Colombia

In 2022, the Colombian mannequin market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, recorded a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Mannequin Exports

Exports from Colombia

In 2022, approx. X tons of mannequins were exported from Colombia; falling by -18.1% on the previous year's figure. In general, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 179%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mannequin exports declined dramatically to $X in 2022. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 122% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Ecuador (X tons) and Venezuela (X tons) were the main destinations of mannequin exports from Colombia, together comprising 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +87.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mannequin exported from Colombia were Mexico ($X), Ecuador ($X) and the United States ($X), together comprising 77% of total exports. Venezuela, Peru, the United Arab Emirates, Chile and Germany lagged somewhat behind, together comprising a further 18%.

Venezuela, with a CAGR of +75.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mannequin export price amounted to $X per ton, declining by -10% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 79%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Germany ($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 Ecuador (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Colombia

In 2022, after four years of decline, there was significant growth in purchases abroad of mannequins, when their volume increased by 12% to X tons. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, mannequin imports expanded significantly to $X in 2022. Over the period under review, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2013 when imports increased by 57% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest mannequin supplier to Colombia, with a 46% share of total imports. Moreover, mannequin imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.7% per year) and Germany (-7.9% per year).

In value terms, the largest mannequin suppliers to Colombia were the United States ($X), China ($X) and Germany ($X), with a combined 62% share of total imports. Spain, Vietnam, the UK, Italy and France lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Vietnam, with a CAGR of +16.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average mannequin import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 47%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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