Hungary: Mannequin Market 2024

Mannequin Market Size in Hungary

In 2022, the Hungarian mannequin market increased by 92% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a slight contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Mannequin Production in Hungary

In value terms, mannequin production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Mannequin Exports

Exports from Hungary

In 2022, shipments abroad of mannequins decreased by -27.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a noticeable decline. The growth pace was the most rapid in 2014 with an increase of 15% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mannequin exports declined remarkably to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 113% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for mannequin exports from Hungary, with a 52% share of total exports. Moreover, mannequin exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. Romania (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.8% per year) and Romania (+17.4% per year).

In value terms, Germany ($X) remains the key foreign market for mannequins exports from Hungary, comprising 44% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+7.1% per year) and the United Arab Emirates (-2.6% per year).

Export Prices by Country

The average mannequin export price stood at $X per ton in 2022, falling by -24.3% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 an increase of 88%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Romania ($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 Vietnam (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Hungary

In 2022, overseas purchases of mannequins decreased by -18.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2020 when imports increased by 86% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, mannequin imports shrank remarkably to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 129%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and China (X tons) were the main suppliers of mannequin imports to Hungary, together accounting for 69% of total imports. Norway, the Netherlands, the United States, Switzerland, Romania, Malaysia and Turkey lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +89.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the United States ($X) constituted the largest mannequin suppliers to Hungary, with a combined 65% share of total imports. Malaysia, Norway, Switzerland, China, the Netherlands, Romania and Turkey lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Norway, with a CAGR of +86.5%, 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

In 2022, the average mannequin import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 102%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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