South Africa: Mannequin Market 2024

Mannequin Market Size in South Africa

The South African mannequin market totaled $X in 2022, leveling off at the previous year. Overall, consumption, however, enjoyed a perceptible increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Mannequin Production in South Africa

In value terms, mannequin production declined rapidly to $X in 2022 estimated in export price. Overall, production, however, saw tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of 271% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Mannequin Exports

Exports from South Africa

In 2022, mannequin exports from South Africa rose markedly to X tons, surging by 8.3% compared with the year before. In general, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mannequin exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 114%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Australia (X tons) and the United States (X tons) were the main destinations of mannequin exports from South Africa, with a combined 40% share of total exports. Mozambique, Mauritius, Namibia, Mexico, Senegal, Germany, Zimbabwe, Ireland and Mongolia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (with a CAGR of +273.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mannequin exported from South Africa were Mexico ($X), the United Arab Emirates ($X) and Australia ($X), together comprising 35% of total exports. The United States, Zimbabwe, Ireland, Mozambique, Germany, Mauritius, Senegal, Mongolia and Namibia lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Mongolia, with a CAGR of +153.6%, 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, growing by 19% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 53%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Mexico ($X per ton), while the average price for exports to Namibia ($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 Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into South Africa

In 2022, purchases abroad of mannequins increased by 43% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a abrupt slump. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, mannequin imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of mannequin imports to South Africa, together accounting for 63% of total imports. Germany, the Czech Republic, Australia, the UK, Spain, Turkey and Italy lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +46.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mannequin suppliers to South Africa were the United States ($X), Australia ($X) and China ($X), with a combined 48% share of total imports. Germany, India, the UK, Spain, Turkey, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 35%.

The Czech Republic, with a CAGR of +32.1%, saw the highest growth rate of the value of imports, among 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 2022, surging by 5.3% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 increased by +85.7% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual 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 Turkey (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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