Uruguay: Mannequin Market 2024

Mannequin Market Size in Uruguay

The Uruguayan mannequin market dropped markedly to $X in 2022, with a decrease of -37.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible setback. Mannequin consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Mannequin Exports

Exports from Uruguay

Mannequin exports from Uruguay contracted notably to X kg in 2022, falling by -70.8% compared with the year before. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 230%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, mannequin exports dropped markedly to $X in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 339%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X kg) was the main destination for mannequin exports from Uruguay, with a 54% share of total exports. Moreover, mannequin exports to Chile exceeded the volume sent to the second major destination, Italy (X kg), twofold. Spain (X kg) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.2% per year) and Spain (+13.9% per year).

In value terms, Chile ($X) emerged as the key foreign market for mannequins exports from Uruguay, comprising 57% of total exports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled +51.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+30.2% per year) and the United States (+21.1% per year).

Export Prices by Country

The average mannequin export price stood at $X per ton in 2022, picking up by 25% against the previous year. Over the period under review, the export price showed a remarkable increase. The growth pace was the most rapid in 2013 when the average export price increased by 154%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 Brazil ($X per ton), while the average price for exports to Italy ($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 Colombia (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Uruguay

In 2022, the amount of mannequins imported into Uruguay shrank sharply to X tons, dropping by -50.1% against 2021. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 195% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, mannequin imports fell significantly to $X in 2022. In general, imports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of 201%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of mannequin imports to Uruguay, with a combined 55% share of total imports. Finland, Vietnam, Canada, Denmark, Spain and Argentina lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +103.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mannequin suppliers to Uruguay were the United States ($X), Germany ($X) and Vietnam ($X), with a combined 57% share of total imports. Finland, Canada, China, Spain, Denmark and Argentina lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, Finland, with a CAGR of +139.2%, recorded 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, increasing by 52% against the previous year. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 99% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue 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 Canada ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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