Panama: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Panama

For the third year in a row, the Panamanian brassiere, girdle and corset market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from Panama

For the third year in a row, Panama recorded decline in shipments abroad of brassieres, girdles and corsets, which decreased by X% to X units in 2022. Overall, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, brassiere, girdle and corset exports amounted to $X in 2022. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Costa Rica (X units) and Venezuela (X units) were the main destinations of brassiere, girdle and corset exports from Panama, together comprising X% of total exports. Nicaragua, the Dominican Republic, Honduras, Haiti, El Salvador, Chile, Belize, Ecuador, Guatemala and Trinidad and Tobago lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for brassiere, girdle and corset exported from Panama were Colombia ($X), Venezuela ($X) and Costa Rica ($X), with a combined X% share of total exports. The Dominican Republic, Nicaragua, Honduras, Belize, Chile, Haiti, El Salvador, Ecuador, Guatemala and Trinidad and Tobago lagged somewhat behind, together comprising a further X%.

Nicaragua, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average brassiere, girdle and corset export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price posted resilient growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per unit), while the average price for exports to El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports into Panama

For the third year in a row, Panama recorded decline in overseas purchases of brassieres, girdles and corsets, which decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, brassiere, girdle and corset imports fell to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Free Zones (X units) constituted the largest brassiere, girdle and corset supplier to Panama, accounting for a X% share of total imports. Moreover, brassiere, girdle and corset imports from Free Zones exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. China (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Free Zones amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Free Zones ($X) constituted the largest supplier of brassieres, girdles and corsets to Panama, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Free Zones stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average brassiere, girdle and corset import price amounted to $X per unit, surging by X% against the previous year. In general, the import price recorded tangible growth. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per unit), while the price for Free Zones ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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