Mannequin Market Overview in Haiti
In value terms, mannequin production skyrocketed to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Haiti production peaked at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.
The value of the mannequin market in Haiti reached $ 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 +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. Haiti consumption peaked in 2019 and is expected to retain growth in the immediate term.