Portugal: Mannequin Market 2024

Mannequin Market Size in Portugal

In 2022, after two years of decline, there was significant growth in the Portuguese mannequin market, when its value increased by 61% to $X. In general, consumption, however, showed a pronounced contraction. Mannequin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mannequin Production in Portugal

In value terms, mannequin production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 86% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mannequin Exports

Exports from Portugal

After five years of growth, shipments abroad of mannequins decreased by -40.6% to X tons in 2022. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 79%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mannequin exports rose slightly to $X in 2022. In general, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 116%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for mannequin exports from Portugal, with a 56% share of total exports. Moreover, mannequin exports to Angola exceeded the volume sent to the second major destination, the United States (X tons), threefold. Qatar (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Angola stood at -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+30.1% per year) and Qatar (+31.6% per year).

In value terms, the United States ($X), Angola ($X) and Mozambique ($X) were the largest markets for mannequin exported from Portugal worldwide, with a combined 52% share of total exports. Spain, Canada, Qatar, Cabo Verde and the United Arab Emirates lagged somewhat behind, together comprising a further 7.2%.

Among the main countries of destination, Canada, with a CAGR of +248.5%, saw the highest growth rate of the value of exports, 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, surging by 73% against the previous year. Over the period under review, the export price showed moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 Canada (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Portugal

In 2022, overseas purchases of mannequins increased by 77% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2015 when imports increased by 125%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, mannequin imports surged to $X in 2022. Overall, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 172%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and China (X tons) were the main suppliers of mannequin imports to Portugal, together accounting for 70% of total imports. Austria, Saudi Arabia, Poland, the United States, Belgium, India, the UK, Italy and the Netherlands lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +163.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of mannequins to Portugal, comprising 28% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.1% per year) and Poland (+187.5% per year).

Import Prices by Country

The average mannequin import price stood at $X per ton in 2022, shrinking by -14.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 45% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($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 UK (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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