Mannequin Market Overview in Malaysia
In value terms, mannequin production contracted to $ in 2019 estimated in export prices. Overall, production saw a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2018 to 2019, production growth remained at a somewhat lower figure.
The size of the mannequin market in Malaysia contracted slightly to $ in 2019, therefore, remained relatively stable 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 continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2013 to 2019, the growth of the market failed to regain the momentum.