Finland: Mannequin Market 2024

Mannequin Market Size in Finland

In 2022, the Finnish mannequin market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Mannequin Production in Finland

In value terms, mannequin production soared to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 133% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Mannequin Exports

Exports from Finland

After three years of growth, shipments abroad of mannequins decreased by -12.1% to X tons in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 67%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, mannequin exports skyrocketed to $X in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 58% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) was the main destination for mannequin exports from Finland, accounting for a 45% share of total exports. Moreover, mannequin exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by Canada (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.1% per year) and Canada (+25.2% per year).

In value terms, Australia ($X), Canada ($X) and the United States ($X) appeared to be the largest markets for mannequin exported from Finland worldwide, with a combined 51% share of total exports. Japan, Brazil, China, Sweden, Malaysia, France, Norway, Russia, India and the United Arab Emirates lagged somewhat behind, together comprising a further 27%.

India, with a CAGR of +83.7%, saw the highest rates of growth with regard to 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, surging by 39% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 55%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Finland

In 2022, imports of mannequins into Finland soared to X tons, increasing by 25% compared with 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, mannequin imports surged to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of mannequin to Finland, accounting for a 36% share of total imports. Moreover, mannequin imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and the UK (-2.7% per year).

In value terms, the United States ($X) constituted the largest supplier of mannequins to Finland, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with an 8.7% share of total imports. It was followed by Germany, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and Germany (-9.0% per year).

Import Prices by Country

In 2022, the average mannequin import price amounted to $X per ton, rising by 17% against the previous year. In general, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2020 an increase of 39%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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