Ethiopia: Mannequin Market 2024

Mannequin Market Size in Ethiopia

The Ethiopian mannequin market skyrocketed to $X in 2022, increasing by 80% 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). Overall, consumption, however, recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mannequin Exports

Exports from Ethiopia

In 2022, overseas shipments of mannequins decreased by -8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 793% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, mannequin exports declined slightly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,220%. The exports peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for mannequin exports from Ethiopia, accounting for a 78% share of total exports. Moreover, mannequin exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. South Africa (X kg) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.5% per year) and South Africa (+12.9% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for mannequins exports from Ethiopia, comprising 84% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of total exports. It was followed by Switzerland, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +52.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.0% per year) and Switzerland (+47.9% per year).

Export Prices by Country

The average mannequin export price stood at $X per ton in 2022, picking up by 6.5% against the previous year. Over the period under review, the export price continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 57%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the average price for exports to Rwanda ($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 Switzerland (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Ethiopia

Mannequin imports into Ethiopia soared to X tons in 2022, picking up by 73% on the previous year's figure. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 162%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mannequin imports soared to $X in 2022. In general, imports, however, showed a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mannequin to Ethiopia, with a 47% share of total imports. Moreover, mannequin imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. France (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.5% per year) and France (+75.7% per year).

In value terms, Hungary ($X), China ($X) and Germany ($X) were the largest mannequin suppliers to Ethiopia, together comprising 55% of total imports. Spain, Kenya, Italy, France, India, Belgium, South Korea, Switzerland and Denmark lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, France, with a CAGR of +64.6%, saw the highest rates of growth with regard to 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

In 2022, the average mannequin import price amounted to $X per ton, surging by 7.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 110%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 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 Hungary ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform