Peru: Mannequin Market 2024

Mannequin Market Size in Peru

The Peruvian mannequin market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Mannequin consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mannequin Exports

Exports from Peru

In 2022, mannequin exports from Peru skyrocketed to X tons, with an increase of 22% on the previous year's figure. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 1,933% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, mannequin exports shrank to $X in 2022. In general, exports, however, saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 1,094%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for mannequin exports from Peru, accounting for a 85% share of total exports. Moreover, mannequin exports to Chile exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-11.1% per year) and the United States (-32.9% per year).

In value terms, Chile ($X) emerged as the key foreign market for mannequins exports from Peru, comprising 80% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Chile totaled -14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-29.3% per year) and the United Arab Emirates (-11.9% per year).

Export Prices by Country

The average mannequin export price stood at $X per ton in 2022, shrinking by -25.5% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 203%. As a result, the export price reached the peak level of $X per ton. From 2014 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 the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (+5.4%), while the prices for the other major destinations experienced a decline.

Mannequin Imports

Imports into Peru

After two years of decline, supplies from abroad of mannequins increased by 9.4% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 113%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mannequin imports skyrocketed to $X in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -41.8% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 69% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of mannequin imports to Peru, with a combined 65% share of total imports. The United States, Canada, Spain, the UK, Australia, Vietnam and India lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) were the largest mannequin suppliers to Peru, together comprising 61% of total imports. China, Australia, Canada, Spain, the UK, Vietnam and India lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Canada, with a CAGR of +37.1%, saw the highest rates of growth with regard to 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

The average mannequin import price stood at $X per ton in 2022, surging by 5.2% against the previous year. In general, the import price enjoyed a modest expansion. The pace of growth was the most pronounced in 2014 an increase of 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Australia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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