Egypt: Mannequin Market 2024

Mannequin Market Size in Egypt

The Egyptian mannequin market contracted notably to $X in 2022, shrinking by -54.1% 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). In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Mannequin Exports

Exports from Egypt

After two years of decline, overseas shipments of mannequins increased by 114% to X tons in 2022. Overall, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 116% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mannequin exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for mannequin exports from Egypt, accounting for a 79% share of total exports. Moreover, mannequin exports to Saudi Arabia exceeded the volume sent to the second major destination, Morocco (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+43.9% per year) and the United Arab Emirates (-46.9% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for mannequins exports from Egypt, comprising 79% of total exports. The second position in the ranking was held by Morocco ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+63.5% per year) and the United Arab Emirates (-27.2% per year).

Export Prices by Country

The average mannequin export price stood at $X per ton in 2022, jumping by 207% against the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 1,243% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 the United Arab Emirates ($X per ton), while the average price for exports to Israel ($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 Saudi Arabia (+53.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Egypt

For the fourth consecutive year, Egypt recorded decline in purchases abroad of mannequins, which decreased by -51.7% to X tons in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 150% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, mannequin imports declined sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 98% against the previous year. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of mannequin imports to Egypt, with a combined 79% share of total imports. Vietnam, South Korea, the UK, the United Arab Emirates, India and Italy lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +61.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest mannequin suppliers to Egypt, with a combined 79% share of total imports. Vietnam, South Korea, the UK, the United Arab Emirates, India and Italy lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Vietnam, with a CAGR of +56.3%, recorded the highest growth rate of the value of imports, 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, increasing by 3.4% against the previous year. Overall, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 183%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and South Korea ($X per ton), while the price for Italy ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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