Bangladesh: Mannequin Market 2022

Mannequin Market Size in Bangladesh

For the third consecutive year, the Bangladeshi mannequin market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Mannequin Production in Bangladesh

In value terms, mannequin production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Mannequin Exports

Exports from Bangladesh

After five years of growth, shipments abroad of mannequins decreased by -X% to X tons in 2021. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then reduced rapidly in the following year.

In value terms, mannequin exports declined markedly to $X in 2021. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for mannequin exports from Bangladesh, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +X%.

In value terms, the United States ($X) also remains the key foreign market for mannequin exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%.

Export Prices by Country

The average mannequin export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Mannequin Imports

Imports into Bangladesh

In 2021, approx. X tons of mannequins were imported into Bangladesh; reducing by -X% on 2020. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, mannequin imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Hong Kong SAR (X tons) and Italy (X tons) were the main suppliers of mannequin imports to Bangladesh, together accounting for X% of total imports. These countries were followed by Germany, India and Spain, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Italy ($X) were the largest mannequin suppliers to Bangladesh, together comprising X% of total imports.

Germany, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mannequin import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price posted a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform