Mannequin Market Overview in Thailand
In value terms, mannequin production totaled $ in 2019 estimated in export prices. Overall, the total production indicated a measured 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. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. Thailand production peaked at $ in 2010; however, from 2011 to 2019, production stood at a somewhat lower figure.
The revenue of the mannequin market in Thailand expanded remarkably to $ in 2019, picking up 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 +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level in 2019 and is likely to see steady growth in the immediate term.