Russian Federation: Mannequin Market 2024

Mannequin Market Size in the Russian Federation

In 2022, after two years of growth, there was significant decline in the Russian mannequin market, when its value decreased by -14.7% to $X. Overall, consumption showed a deep contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Mannequin Production in the Russian Federation

In value terms, mannequin production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Mannequin Exports

Exports from the Russian Federation

In 2022, overseas shipments of mannequins increased by 96% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 206%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, mannequin exports rose slightly to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 168%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for mannequin exports from Russia, accounting for a 47% share of total exports. Moreover, mannequin exports to Latvia exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by Kazakhstan (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at +95.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+135.1% per year) and Kazakhstan (+11.2% per year).

In value terms, the largest markets for mannequin exported from Russia were India ($X), Latvia ($X) and Kazakhstan ($X), together accounting for 61% of total exports. Uzbekistan, Turkey, Finland and Ukraine lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, Turkey, with a CAGR of +139.5%, saw the highest rates of growth with regard to 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

In 2022, the average mannequin export price amounted to $X per ton, falling by -47.2% against the previous year. Overall, the export price saw a deep slump. The growth pace was the most rapid in 2020 an increase of 162% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 India ($X per ton), while the average price for exports to Ukraine ($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 Ukraine (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into the Russian Federation

Mannequin imports into Russia dropped modestly to X tons in 2022, reducing by -4% against 2021 figures. In general, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 48%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mannequin imports contracted to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 176%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mannequin to Russia, accounting for a 44% share of total imports. Moreover, mannequin imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+19.3% per year) and Ukraine (+19.4% per year).

In value terms, the largest mannequin suppliers to Russia were Vietnam ($X), China ($X) and the United States ($X), with a combined 64% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +320.8%, recorded 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, reducing by -8.5% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mannequin import price decreased by -26.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 89% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 States ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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