Mannequin Market Overview in Myanmar
In value terms, mannequin production declined markedly to $ in 2019 estimated in export prices. Overall, production showed a mild setback. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. As a result, production attained the peak level of $, and then dropped significantly in the following year.
The revenue of the mannequin market in Myanmar totaled $ in 2019, growing by % 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. Myanmar consumption peaked in 2019 and is expected to retain growth in the near future.