Panama: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Panama

The Panamanian knitted shawl and scarf market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Panama

In value terms, knitted shawl and scarf production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Panama

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were exported from Panama; increasing by X% compared with 2021. Overall, exports, however, continue to indicate a significant curtailment. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, knitted shawl and scarf exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Aruba (X units) was the main destination for knitted shawl and scarf exports from Panama, accounting for a X% share of total exports. Moreover, knitted shawl and scarf exports to Aruba exceeded the volume sent to the second major destination, Trinidad and Tobago (X units), fourfold. Costa Rica (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Aruba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Costa Rica (X% per year).

In value terms, Aruba ($X) emerged as the key foreign market for shawls, scarves and the like of knitted or crocheted textiles exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Aruba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average knitted shawl and scarf export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Grenada ($X per unit), while the average price for exports to Aruba ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Panama

In 2022, supplies from abroad of shawls, scarves and the like of knitted or crocheted textiles was finally on the rise to reach X units after three years of decline. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, knitted shawl and scarf imports skyrocketed to $X in 2022. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Free Zones (X units), the United States (X units) and China (X units) were the main suppliers of knitted shawl and scarf imports to Panama, with a combined X% share of total imports. Italy, Colombia, Spain and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Free Zones ($X), the United States ($X) and China ($X) were the largest knitted shawl and scarf suppliers to Panama, together accounting for X% of total imports. Italy, Spain, Colombia and India lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average knitted shawl and scarf import price amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for India ($X per unit) and Colombia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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