Lithuania: Mannequin Market 2024

Mannequin Market Size in Lithuania

The Lithuanian mannequin market contracted sharply to $X in 2022, waning by -28% against the previous year. Overall, consumption recorded a significant expansion. Mannequin consumption peaked at $X in 2021, and then declined remarkably in the following year.

Mannequin Production in Lithuania

In value terms, mannequin production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. Mannequin production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Mannequin Exports

Exports from Lithuania

In 2022, shipments abroad of mannequins increased by 80% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2014 when exports increased by 90%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, mannequin exports declined rapidly to $X in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 157%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Israel (X tons), Azerbaijan (X tons) and Morocco (X tons) were the main destinations of mannequin exports from Lithuania, together accounting for 59% of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +337.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mannequin exported from Lithuania were Russia ($X), Israel ($X) and Azerbaijan ($X), together comprising 56% of total exports. Morocco, Greece, Kazakhstan, Germany, Norway, Finland, Belarus, the United Arab Emirates and Sweden lagged somewhat behind, together accounting for a further 23%.

Morocco, with a CAGR of +628.3%, saw the highest growth rate of 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

The average mannequin export price stood at $X per ton in 2022, falling by -79.5% against the previous year. Overall, the export price, however, continues to indicate measured growth. The most prominent rate of growth was recorded in 2019 an increase of 98% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Morocco (+66.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Lithuania

In 2022, after two years of growth, there was significant decline in supplies from abroad of mannequins, when their volume decreased by -61% to X tons. Overall, imports, however, showed a measured increase. The growth pace was the most rapid in 2018 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted dramatically in the following year.

In value terms, mannequin imports contracted rapidly to $X in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 182%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

Finland (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of mannequin imports to Lithuania, with a combined 47% share of total imports. Italy, the United States, Greece, the United Arab Emirates, Austria, Japan, China, the Czech Republic, Denmark and Latvia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +10,729.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Latvia ($X) appeared to be the largest mannequin suppliers to Lithuania, with a combined 46% share of total imports. The United States, Japan, Poland, China, Austria, the Czech Republic, Italy, Greece, the United Arab Emirates and Denmark lagged somewhat behind, together accounting for a further 26%.

Greece, with a CAGR of +5,832.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, reducing by -38.1% against the previous year. Overall, the import price, however, saw a modest increase. The growth pace was the most rapid in 2021 an increase of 44%. As a result, import price attained the peak level of $X per ton, and then reduced remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform