Mannequin Market Overview in the Philippines
In value terms, mannequin production surged to $ in 2019 estimated in export prices. In general, production recorded a notable expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by % year-to-year. The Philippines production peaked in 2019 and is likely to see gradual growth in years to come.
The revenue of the mannequin market in the Philippines soared to $ in 2019, increasing 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). In general, the total consumption indicated strong growth 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, consumption increased by +% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.