Panama: Woven Carpet Market 2024

Woven Carpet Market Size in Panama

The Panamanian woven carpet market stood at $X in 2022, remaining constant against the previous year. In general, consumption showed a slight decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Woven Carpet Production in Panama

In value terms, woven carpet production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Woven carpet production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Woven Carpet Exports

Exports from Panama

Woven carpet exports from Panama was estimated at X square meters in 2022, approximately reflecting the year before. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, woven carpet exports stood at $X in 2022. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X square meters), Chile (X square meters) and the Dominican Republic (X square meters) were the main destinations of woven carpet exports from Panama, with a combined X% share of total exports. Trinidad and Tobago, Venezuela, the United States, Guyana, Colombia, Nicaragua, Ecuador, Honduras, Jamaica and El Salvador 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woven carpet exported from Panama were Chile ($X), Trinidad and Tobago ($X) and Guyana ($X), with a combined X% share of total exports. Costa Rica, the Dominican Republic, Venezuela, Ecuador, the United States, Colombia, Jamaica, Nicaragua, Honduras and El Salvador lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, remaining stable against the previous year. In general, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per square meter in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per square meter), while the average price for exports to Nicaragua ($X per square meter) was amongst the lowest.

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

Woven Carpet Imports

Imports into Panama

In 2022, the amount of woven carpets and other woven textile coverings imported into Panama fell significantly to X square meters, with a decrease of X% compared with 2021. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, woven carpet imports dropped notably to $X in 2022. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X square meters), China (X square meters) and Free Zones (X square meters) were the main suppliers of woven carpet imports to Panama, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest woven carpet suppliers to Panama were the United States ($X), China ($X) and Free Zones ($X), together accounting for X% of total imports.

Free Zones, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average woven carpet import price amounted to $X per square meter, reducing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per square meter, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Free Zones ($X per square meter) and the United States ($X per square meter), while the price for the Netherlands ($X per square meter) and Belgium ($X per square meter) were amongst the lowest.

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

Source: IndexBox Platform

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