Mannequin Market Overview in Viet Nam
In value terms, mannequin production soared to $ in 2019 estimated in export prices. Overall, the total production indicated resilient 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, production increased by +% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of % year-to-year. Over the period under review, production reached the maximum level in 2019 and is likely to see steady growth in the immediate term.
The revenue of the mannequin market in Viet Nam stood at $ in 2019, surging 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 remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Viet Nam consumption peaked in 2019 and is likely to continue growth in the immediate term.