Costa Rica: Mannequin Market 2024

Mannequin Market Size in Costa Rica

The Costa Rican mannequin market surged to $X in 2022, jumping by 332% 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). Over the period under review, consumption, however, recorded a perceptible decline. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Mannequin Exports

Exports from Costa Rica

In 2022, approx. X tons of mannequins were exported from Costa Rica; falling by -39.9% against the previous year's figure. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 1,000%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mannequin exports shrank markedly to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 648%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for mannequin exports from Costa Rica, with a 67% share of total exports. Moreover, mannequin exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), sevenfold. The third position in this ranking was held by Brazil (X kg), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+46.8% per year) and Brazil (+32.0% per year).

In value terms, the United States ($X) remains the key foreign market for mannequins exports from Costa Rica, comprising 85% of total exports. The second position in the ranking was held by Canada ($X), with a 5.1% share of total exports. It was followed by Brazil, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+147.2% per year) and Brazil (+36.8% per year).

Export Prices by Country

The average mannequin export price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 75%. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Canada (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Costa Rica

Mannequin imports into Costa Rica soared to X tons in 2022, picking up by 18% compared with the year before. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume 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. Based on 2022 figures, imports decreased by -21.0% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 52%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, mannequin imports surged to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Panama (X tons) were the main suppliers of mannequin imports to Costa Rica, together accounting for 47% of total imports. Taiwan (Chinese), Germany, Spain, Colombia, India, Mexico, France and Switzerland lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +58.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mannequin suppliers to Costa Rica were Germany ($X), the United States ($X) and Spain ($X), together comprising 57% of total imports. Panama, China, Taiwan (Chinese), Switzerland, India, Mexico, Colombia and France lagged somewhat behind, together comprising a further 20%.

France, with a CAGR of +52.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mannequin import price stood at $X per ton in 2022, surging by 36% against the previous year. In general, the import price, however, saw a noticeable curtailment. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Spain ($X per ton), while the price for Colombia ($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 (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform