Panama: Hand Stamp Market 2024

Hand Stamp Market Size in Panama

The Panamanian hand stamp market reduced markedly to $X in 2022, waning by X% 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). Overall, consumption, however, showed a relatively flat trend pattern. Hand stamp consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hand Stamp Exports

Exports from Panama

In 2022, the amount of stamps for use in the hand exported from Panama totaled X units, standing approx. at the year before. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand stamp exports amounted to $X in 2022. Overall, exports saw a deep setback. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X units), Colombia (X units) and the United States (X units) were the main destinations of hand stamp exports from Panama, together accounting for X% of total exports. Costa Rica, Guatemala, Trinidad and Tobago, El Salvador, the Dominican Republic, Nicaragua, Chile and Ecuador 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 Trinidad and Tobago (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Venezuela ($X), Colombia ($X) and the United States ($X) were the largest markets for hand stamp exported from Panama worldwide, together comprising X% of total exports. Costa Rica, Guatemala, the Dominican Republic, Trinidad and Tobago, El Salvador, Nicaragua, Chile and Ecuador lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Trinidad and Tobago, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, remaining constant against the previous year. Overall, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ecuador ($X per unit) and Guatemala ($X per unit), while the average price for exports to Venezuela ($X per unit) and the United States ($X per unit) were 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.

Hand Stamp Imports

Imports into Panama

In 2022, the amount of stamps for use in the hand imported into Panama declined slightly to X units, with a decrease of X% compared with the previous year. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hand stamp imports dropped rapidly to $X in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Free Zones (X units) constituted the largest hand stamp supplier to Panama, with a X% share of total imports. Moreover, hand stamp imports from Free Zones exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

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

In value terms, Taiwan (Chinese) ($X), Free Zones ($X) and China ($X) appeared to be the largest hand stamp suppliers to Panama, together accounting for X% of total imports. The United States and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average hand stamp import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price 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, hand stamp import price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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