Mannequin Market Overview in South Korea
In value terms, mannequin production surged to $ in 2019 estimated in export prices. In general, the total production indicated a perceptible expansion 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. The pace of growth was the most pronounced in 2012 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2013 to 2019, production growth remained at a lower figure.
The value of the mannequin market in South Korea amounted to $ in 2019, approximately equating 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. South Korea consumption peaked in 2019 and is expected to retain growth in the near future.