Panama - Woven Carpets And Other Woven Textile Coverings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWoven Carpet Price in Panama - 2023
Contents:
- Woven Carpet Price in Panama (CIF) - 2023
- Woven Carpet Price in Panama (FOB) - 2022
- Woven Carpet Imports in Panama
- Woven Carpet Exports in Panama
Woven Carpet Price in Panama (CIF) - 2023
The average woven carpet import price stood at $8.9 per square meter in September 2023, dropping by -4.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 24% month-to-month. Over the period under review, average import prices reached the peak figure at $11.0 per square meter in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Free Zones ($9.4 per square meter) and China ($8.8 per square meter), while the price for India ($7.8 per square meter) and Sri Lanka ($8.1 per square meter) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Woven Carpet Price in Panama (FOB) - 2022
In 2022, the average woven carpet export price amounted to $9.2 per square meter, surging by 2.2% against the previous year. In general, the export price, however, saw a slight reduction. The pace of growth was the most pronounced in 2014 an increase of 16% against the previous year. As a result, the export price reached the peak level of $13 per square meter. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Jamaica ($10 per square meter) and Ecuador ($9.3 per square meter), while the average price for exports to the Dominican Republic ($8.5 per square meter) and Honduras ($8.5 per square meter) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+0.4%), while the prices for the other major destinations experienced a decline.
Woven Carpet Imports in Panama
In 2022, woven carpet imports into Panama dropped sharply to 341K square meters, waning by -18.1% compared with the previous year's figure. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked at 466K square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, woven carpet imports declined markedly to $3.2M in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, imports hit record highs at $4.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Woven Carpet in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 787 | 462 | 874 | 941 | 6.1% |
China | 1,291 | 778 | 946 | 780 | -15.5% |
Free Zones | 294 | 426 | 616 | 702 | 33.7% |
Turkey | 36.0 | 18.7 | 56.9 | 267 | 95.0% |
India | 321 | 281 | 82.4 | 157 | -21.2% |
Belgium | 196 | 71.3 | 27.2 | 63.1 | -31.5% |
Netherlands | 4.4 | 1.9 | 1.2 | 39.8 | 108.4% |
Taiwan (Chinese) | 108 | 67.1 | 59.2 | 3.7 | -67.5% |
Indonesia | 79.9 | 231 | 195 | 2.1 | -70.3% |
Egypt | 389 | 438 | 468 | 0.9 | -86.8% |
United Arab Emirates | 79.2 | 88.3 | 90.3 | N/A | 6.8% |
Others | 553 | 487 | 497 | 229 | -25.5% |
Total | 4,137 | 3,351 | 3,913 | 3,186 | -8.3% |
Top Suppliers of Woven Carpet to Panama in 2022:
- United States (102.6K square meters)
- China (85.2K square meters)
- Free Zones (70.5K square meters)
- Turkey (29.6K square meters)
- India (17.7K square meters)
- Belgium (8.0K square meters)
- Netherlands (5.3K square meters)
- Taiwan (Chinese) (0.4K square meters)
- Egypt (0.1K square meters)
- Indonesia (0.1K square meters)
Woven Carpet Exports in Panama
In 2022, the amount of woven carpets and other woven textile coverings exported from Panama rose rapidly to 227K square meters, surging by 13% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 254K square meters. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, woven carpet exports skyrocketed to $2.1M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 22%. As a result, the exports reached the peak of $2.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Woven Carpet in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 87.5 | 218 | 154 | 204 | 32.6% |
United States | 105 | 202 | 174 | 187 | 21.2% |
Dominican Republic | 129 | 150 | 173 | 187 | 13.2% |
Costa Rica | 225 | 359 | 233 | 181 | -7.0% |
Nicaragua | 50.5 | 60.4 | 75.7 | 93.7 | 22.9% |
Honduras | 70.3 | 60.5 | 78.1 | 84.4 | 6.3% |
Trinidad and Tobago | 92.5 | 88.2 | 78.3 | 83.8 | -3.2% |
Guatemala | 15.6 | 32.5 | 57.9 | 64.5 | 60.5% |
Colombia | 101 | 43.3 | 45.5 | 63.0 | -14.6% |
El Salvador | 29.6 | 52.6 | 36.7 | 47.4 | 17.0% |
Ecuador | 79.4 | 49.5 | 38.7 | 46.6 | -16.3% |
Lebanon | 18.0 | 45.4 | 40.0 | 42.5 | 33.2% |
Jamaica | 45.6 | 55.0 | 30.8 | 38.8 | -5.2% |
Others | 894 | 950 | 578 | 757 | -5.4% |
Total | 1,943 | 2,367 | 1,793 | 2,080 | 2.3% |
Top Export Markets for Woven Carpet from Panama in 2022:
- Venezuela (22.9K square meters)
- Dominican Republic (22.1K square meters)
- Costa Rica (21.0K square meters)
- United States (20.9K square meters)
- Nicaragua (10.8K square meters)
- Honduras (9.9K square meters)
- Trinidad and Tobago (9.3K square meters)
- Guatemala (7.1K square meters)
- Colombia (6.8K square meters)
- El Salvador (5.2K square meters)
- Ecuador (5.0K square meters)
- Lebanon (4.8K square meters)
- Jamaica (3.7K square meters)
This report provides an in-depth analysis of the woven carpet market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the woven carpet market in Panama.
This report provides an in-depth analysis of the global woven carpet market.
This report provides an in-depth analysis of the woven carpet market in Panama.
This report provides an in-depth analysis of the global woven carpet market.
Explore the top 10 countries that are importing the most woven carpets worldwide. Discover key statistics and import values for leading markets such as the United States, Germany, and the United Kingdom.
Explore the top 10 countries that are importing the most woven carpets worldwide. Discover key statistics and import values for leading markets such as the United States, Germany, and the United Kingdom.