GCC: Mannequin Market 2024

Mannequin Market Size in GCC

The GCC mannequin market contracted modestly to $X in 2022, waning by -3.1% against the previous year. In general, consumption, however, saw a noticeable decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Mannequin Production in GCC

In value terms, mannequin production surged to $X in 2022 estimated in export price. In general, production posted a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Mannequin Exports

Exports in GCC

In 2022, the amount of mannequins exported in GCC reduced to X tons, which is down by -5.6% on 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mannequin exports surged to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 117% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X tons, which was approx. 75% of total exports in 2022. Bahrain (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons) and Oman (X tons). All these countries together took approx. 19% share of total exports. The following exporters - Qatar (X tons) and Kuwait (X tons) - each amounted to a 6% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of mannequins. At the same time, Oman (+51.1%) and Bahrain (+10.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +51.1% from 2012-2022. By contrast, Saudi Arabia (-2.3%), Kuwait (-10.7%) and Qatar (-21.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain, Oman and Qatar increased by +5.2, +4.9 and +3.5 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest mannequin supplier in GCC, comprising 75% of total exports. The second position in the ranking was taken by Qatar ($X), with a 9.8% share of total exports. It was followed by Saudi Arabia, with a 5.1% share.

In the United Arab Emirates, mannequin exports expanded at an average annual rate of +7.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (+22.8% per year) and Saudi Arabia (-10.8% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by 41% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mannequin export price increased by +64.3% against 2020 indices. The growth pace was the most rapid in 2018 when the export price increased by 59%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+56.3%), while the other leaders experienced more modest paces of growth.

Mannequin Imports

Imports in GCC

Mannequin imports contracted markedly to X tons in 2022, which is down by -39.3% compared with the previous year's figure. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 82% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, mannequin imports rose to $X in 2022. Overall, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 142% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X tons, which was near 87% of total imports in 2022. It was distantly followed by Oman (X tons), making up a 5.1% share of total imports. Kuwait (X tons), Qatar (X tons) and Bahrain (X tons) held a little share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of mannequins. Oman (-6.1%), Kuwait (-8.6%), Bahrain (-8.8%) and Qatar (-19.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +37 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mannequins in GCC, comprising 90% of total imports. The second position in the ranking was held by Qatar ($X), with a 3.7% share of total imports. It was followed by Kuwait, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +1.1%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-9.1% per year) and Kuwait (-2.7% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by 71% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+13.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform