U.S.: Mannequin Market 2024

Mannequin Market Size in the U.S.

The U.S. mannequin market reduced sharply to $X in 2022, falling by -33.6% against the previous year. Over the period under review, consumption continues to indicate a slight setback. Mannequin consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mannequin Production in the U.S.

In value terms, mannequin production dropped notably to $X in 2022. In general, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. Mannequin production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Mannequin Exports

Exports from the U.S.

In 2022, shipments abroad of mannequins increased by 38% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mannequin exports soared to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Germany (X tons) and Bermuda (X tons) were the main destinations of mannequin exports from the United States, together accounting for 34% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bermuda (with a CAGR of +142.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mannequin exported from the United States were Canada ($X), Germany ($X) and the UK ($X), with a combined 33% share of total exports. Japan, the Netherlands, China, the United Arab Emirates, South Korea, Australia, France, Brazil, Mexico and Bermuda lagged somewhat behind, together comprising a further 38%.

Bermuda, with a CAGR of +117.6%, saw the highest growth rate of the value of exports, among the main countries of destination 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, declining by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 an increase of 27% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Bermuda ($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 Japan (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into the U.S.

In 2022, the amount of mannequins imported into the United States totaled X tons, almost unchanged from the previous year. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, mannequin imports surged to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest mannequin supplier to the United States, with a 36% share of total imports. Moreover, mannequin imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+5.3% per year) and Mexico (+10.4% per year).

In value terms, the largest mannequin suppliers to the United States were China ($X), Germany ($X) and Canada ($X), together accounting for 45% of total imports. The UK, Norway, Israel, Mexico, Taiwan (Chinese), Italy, South Korea, India, Bangladesh and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Bangladesh, with a CAGR of +85.4%, 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, rising by 16% against the previous year. Overall, the import price, however, showed a slight descent. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood 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 Norway ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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