Report Update: May 1, 2024

Panama - Festive Or Carnival Articles - Market Analysis, Forecast, Size, Trends And Insights

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Festive Articles Price in Panama - 2023

Festive Articles Price in Panama (CIF) - 2023

In September 2023, the average festive articles import price amounted to $5,151 per ton, falling by -26.4% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 76% against the previous month. The import price peaked at $8,907 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Mexico ($7,993 per ton), while the price for China ($3,742 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Venezuela (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Festive Articles Price in Panama (FOB) - 2022

The average festive articles export price stood at $14,775 per ton in 2022, increasing by 53% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. Over the period under review, the average export prices hit record highs at $15,690 per ton 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 Paraguay ($12,366 per ton) and Costa Rica ($12,213 per ton), while the average price for exports to Venezuela ($11,478 per ton) and Aruba ($11,482 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports in Panama

In 2022, imports of festive or carnival articles into Panama reduced sharply to 772 tons, shrinking by -22.4% against the previous year's figure. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2.4% against the previous year.

In value terms, festive articles imports dropped notably to $3.4M in 2022. In general, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year.

Import of Festive Articles in Panama (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.2	3.3	2.4	1.2	-38.7%
Mexico	N/A	N/A	0.9	0.7	-22.2%
United States	0.7	0.4	0.5	0.7	0.0%
Free Zones	0.7	0.6	1.0	0.6	-5.0%
Others	0.5	0.1	0.1	0.1	-41.5%
Total	7.1	4.4	5.0	3.4	-21.8%

Top Suppliers of Festive Articles to Panama in 2022:

China (310.7 tons)
United States (213.8 tons)
Free Zones (147.7 tons)
Mexico (89.1 tons)

Festive Articles Exports in Panama

In 2022, shipments abroad of festive or carnival articles was finally on the rise to reach 81 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a sharp descent.

In value terms, festive articles exports surged to $1.2M in 2022. Over the period under review, exports, however, faced a precipitous slump.

Export of Festive Articles in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Dominican Republic	373	308	0.1	131	-29.4%
Colombia	443	224	0.1	129	-33.7%
Costa Rica	451	222	0.1	125	-34.8%
Nicaragua	325	143	0.1	88.2	-35.3%
Venezuela	99.0	215	0.1	76.0	-8.4%
El Salvador	196	49.3	N/A	62.4	-31.7%
Honduras	109	134	N/A	47.4	-24.2%
Ecuador	117	95.0	N/A	42.4	-28.7%
Trinidad and Tobago	113	110	N/A	39.7	-29.4%
United States	11.4	38.8	N/A	26.3	32.1%
Chile	71.3	12.9	N/A	23.4	-31.0%
Aruba	102	35.2	N/A	23.1	-39.0%
Paraguay	21.9	9.1	N/A	19.0	-4.6%
Others	971	792	0.2	362	-28.0%
Total	3,404	2,388	0.8	1,195	-29.5%

Top Export Markets for Festive Articles from Panama in 2022:

Dominican Republic (11.3 tons)
Colombia (11.0 tons)
Costa Rica (10.2 tons)
Nicaragua (7.2 tons)
Venezuela (6.6 tons)
El Salvador (5.2 tons)
Honduras (4.1 tons)
Ecuador (3.6 tons)
Trinidad and Tobago (3.5 tons)
United States (2.2 tons)
Aruba (2.0 tons)
Chile (2.0 tons)
Paraguay (1.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the festive articles 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 32995150 - Festive, carnival or other entertainment articles, n.e.c.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023