Saudi Arabia: Mannequin Market 2024

Mannequin Market Size in Saudi Arabia

The Saudi mannequin market declined markedly to less than $X in 2022, dropping by 99.9% against the previous year. Over the period under review, consumption enjoyed measured growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Mannequin Production in Saudi Arabia

In value terms, mannequin production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Mannequin production peaked in 2022 and is likely to continue growth in the near future.

Mannequin Exports

Exports from Saudi Arabia

In 2022, overseas shipments of mannequins were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 1,177%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mannequin exports soared to $X in 2022. In general, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 1,445%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Bahrain (X tons) and Portugal (X tons) were the main destinations of mannequin exports from Saudi Arabia, together comprising 62% of total exports. Sweden, the UK, France, South Africa and Germany lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +38.6%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for mannequins exports from Saudi Arabia, comprising 34% of total exports. The second position in the ranking was held by Sweden ($X), with a 13% share of total exports. It was followed by Bahrain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+14.1% per year) and Bahrain (-5.3% per year).

Export Prices by Country

The average mannequin export price stood at $X per ton in 2022, rising by 12% against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 59% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Portugal ($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 Kuwait (+140.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Saudi Arabia

Mannequin imports into Saudi Arabia skyrocketed to X tons in 2021, with an increase of 56% on 2020. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 173%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, mannequin imports soared to $X in 2021. Overall, imports continue to indicate a pronounced expansion. The growth pace was the most rapid in 2013 when imports increased by 347%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of mannequin to Saudi Arabia, with a 39% share of total imports. Moreover, mannequin imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.6% per year) and the UK (+5.5% per year).

In value terms, the UK ($X), the United States ($X) and Germany ($X) appeared to be the largest mannequin suppliers to Saudi Arabia, with a combined 34% share of total imports. China, Denmark, France, the Netherlands, Japan, the United Arab Emirates, South Korea, Italy, South Africa and India lagged somewhat behind, together accounting for a further 35%.

Denmark, with a CAGR of +24.7%, recorded 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 2021, dropping by -11.8% against the previous year. Overall, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2013 an increase of 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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