Pakistan: Mannequin Market 2024

Mannequin Market Size in Pakistan

The Pakistani mannequin market stood at $X in 2022, picking up by 12% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Mannequin consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Mannequin Exports

Exports from Pakistan

Mannequin exports from Pakistan skyrocketed to X tons in 2022, increasing by 441% compared with the previous year's figure. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 1,101% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, mannequin exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 699% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Nigeria (X tons) were the main destinations of mannequin exports from Pakistan, together accounting for 81% of total exports. Italy, Singapore and France lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +222.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for mannequins exports from Pakistan, comprising 60% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Nigeria, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +98.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+52.8% per year) and Nigeria (+17.4% per year).

Export Prices by Country

In 2022, the average mannequin export price amounted to $X per ton, dropping by -27.3% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 91%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Nigeria ($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 (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Pakistan

In 2022, approx. X tons of mannequins were imported into Pakistan; with an increase of 63% compared with the previous year. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 139%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mannequin imports surged to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 152%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of mannequin imports to Pakistan, together comprising 38% of total imports. Canada, the United Arab Emirates, Spain, the UK, Turkey, Sweden, Singapore, Japan, Italy and Vietnam lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +201.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mannequins to Pakistan, comprising 37% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by the United States, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +58.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.3% per year) and the United States (+2.4% per year).

Import Prices by Country

The average mannequin import price stood at $X per ton in 2022, rising by 5.7% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2021 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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