Serbia: Mannequin Market 2024

Mannequin Market Size in Serbia

The Serbian mannequin market contracted significantly to $X in 2022, which is down by -47.4% against the previous year. Over the period under review, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Mannequin Production in Serbia

In value terms, mannequin production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 2,761% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Mannequin Exports

Exports from Serbia

In 2022, shipments abroad of mannequins increased by 41% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 379%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mannequin exports soared to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 179%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Czech Republic (X tons), the United States (X tons) and Switzerland (X tons) were the main destinations of mannequin exports from Serbia, together comprising 59% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +175.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for mannequins exports from Serbia, comprising 62% of total exports. The second position in the ranking was held by Switzerland ($X), with a 14% share of total exports. It was followed by France, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +215.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+43.2% per year) and France (+4.8% per year).

Export Prices by Country

In 2022, the average mannequin export price amounted to $X per ton, jumping by 33% against the previous year. Overall, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 159% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 Romania (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Serbia

In 2022, the amount of mannequins imported into Serbia soared to X tons, jumping by 44% against the previous year. In general, imports saw mild growth. The most prominent rate of growth was recorded in 2014 when imports increased by 160% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mannequin imports totaled $X in 2022. Overall, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 82%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest mannequin supplier to Serbia, accounting for a 47% share of total imports. Moreover, mannequin imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +69.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.8% per year) and Germany (-11.9% per year).

In value terms, Germany ($X), China ($X) and Russia ($X) appeared to be the largest mannequin suppliers to Serbia, together accounting for 65% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +54.0%, saw the highest growth rate of 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, which is down by -23.7% against the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 87% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform