Denmark: Mannequin Market 2024

Mannequin Market Size in Denmark

The Danish mannequin market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, showed a dramatic contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mannequin Production in Denmark

In value terms, mannequin production stood at $X in 2022 estimated in export price. In general, production, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 474%. Mannequin production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Mannequin Exports

Exports from Denmark

In 2022, shipments abroad of mannequins increased by 6.8% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2017 with an increase of 135% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, mannequin exports expanded significantly to $X in 2022. Over the period under review, exports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 121% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Germany (X tons) were the main destinations of mannequin exports from Denmark, with a combined 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +41.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) were the largest markets for mannequin exported from Denmark worldwide, together comprising 55% of total exports.

The Netherlands, with a CAGR of +31.6%, saw the highest growth rate of the value of exports, in terms of 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, increasing by 1.9% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Iceland ($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 United Arab Emirates (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Mannequin Imports

Imports into Denmark

In 2022, overseas purchases of mannequins increased by 1.1% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mannequin imports fell dramatically to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

China (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of mannequin imports to Denmark, together comprising 52% of total imports. The United Arab Emirates, Poland, the United States, the UK, Norway, the Czech Republic and India lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +54.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mannequin suppliers to Denmark were Germany ($X), China ($X) and Sweden ($X), with a combined 48% share of total imports. Poland, the United States, the UK, the Czech Republic, the United Arab Emirates, Norway and India lagged somewhat behind, together accounting for a further 35%.

The United Arab Emirates, with a CAGR of +48.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mannequin import price amounted to $X per ton, dropping by -25.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell notably in the following year.

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 the United States ($X per ton), while the price for the United Arab Emirates ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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