Mannequin Market Overview in Asia
In value terms, mannequin production totaled $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by % y-o-y. Over the period under review, production reached the maximum level in 2018 and is likely to see gradual growth in the near future.
The country with the largest volume of mannequin production was China ( tonnes), comprising approx. % of total volume. Moreover, mannequin production in China exceeded the figures recorded by the second-largest producer, India ( tonnes), fivefold. The third position in this ranking was occupied by Bangladesh ( tonnes), with a % share.
In China, mannequin production expanded at an average annual rate of +% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: India (+% per year) and Bangladesh (+% per year).
The value of the mannequin market in Asia expanded slightly to $ in 2018, 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 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2008 with an increase of % year-to-year. The level of consumption peaked at $ in 2014; afterwards, it flattened through to 2018.
From 2007 to 2018, the average annual growth rate of volume in China was relatively modest. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+% per year) and Japan (-% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by Japan.
From 2007 to 2018, the average annual growth rate of value in China stood at +%. In the other countries, the average annual rates were as follows: India (+% per year) and Japan (-% per year).
The countries with the highest levels of mannequin per capita consumption in 2018 were China, Hong Kong SAR ( kg per persons), the United Arab Emirates ( kg per persons) and Taiwan, Chinese ( kg per persons).
From 2007 to 2018, the biggest increases were in China, Hong Kong SAR, while mannequin per capita consumption for the other leaders experienced more modest paces of growth.