Panama - Leather Footwear - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLeather Footwear Price in Panama - 2023
Contents:
- Leather Footwear Price in Panama (CIF) - 2023
- Leather Footwear Price in Panama (FOB) - 2022
- Leather Footwear Imports in Panama
- Leather Footwear Exports in Panama
Leather Footwear Price in Panama (CIF) - 2023
The average leather footwear import price stood at $44.2 per pair in September 2023, which is down by -4.6% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 33% against the previous month. Over the period under review, average import prices attained the maximum at $54.5 per pair in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($51.5 per pair), while the price for Croatia ($30.5 per pair) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Leather Footwear Price in Panama (FOB) - 2022
In 2022, the average leather footwear export price amounted to $49 per pair, remaining constant against the previous year. In general, the export price enjoyed notable growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32%. The export price peaked at $49 per pair in 2020; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($85 per pair), while the average price for exports to Free Zones ($38 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Leather Footwear Imports in Panama
After two years of decline, overseas purchases of leather footwear increased by 13% to 885K pairs in 2022. Overall, imports, however, showed a dramatic decline. Imports peaked at 2.8M pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, leather footwear imports soared to $28M in 2022. In general, imports, however, faced a precipitous slump. Imports peaked at $89M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Leather Footwear in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 19.5 | 8.6 | 11.4 | 10.2 | -19.4% |
Italy | 5.0 | 2.6 | 3.4 | 4.6 | -2.7% |
United States | 6.1 | 3.9 | 1.9 | 2.9 | -22.0% |
Mexico | 1.7 | 0.9 | 1.4 | 2.3 | 10.6% |
China | 26.6 | 14.3 | 1.2 | 1.9 | -58.5% |
Colombia | 1.4 | 0.7 | 1.0 | 1.9 | 10.7% |
Brazil | 2.0 | 0.6 | 0.3 | 1.7 | -5.3% |
Vietnam | 11.7 | 6.8 | 0.2 | 0.1 | -79.6% |
Hong Kong SAR | 4.3 | 2.3 | N/A | N/A | -46.5% |
Indonesia | 1.7 | 0.8 | N/A | N/A | -52.9% |
Others | 8.9 | 7.9 | 1.5 | 2.4 | -35.4% |
Total | 89.1 | 49.3 | 22.4 | 28.0 | -32.0% |
Top Suppliers of Leather Footwear to Panama in 2022:
- Free Zones (357.7K pairs)
- Italy (102.9K pairs)
- United States (101.5K pairs)
- China (68.7K pairs)
- Colombia (67.1K pairs)
- Mexico (62.5K pairs)
- Brazil (60.4K pairs)
- Vietnam (2.7K pairs)
- Hong Kong SAR (0.3K pairs)
Leather Footwear Exports in Panama
For the third year in a row, Panama recorded decline in overseas shipments of leather footwear, which decreased by 0% to 379K pairs in 2022. In general, exports showed a dramatic descent. The smallest decline of -52.5% was in 2020. Over the period under review, the exports reached the maximum at 1.6M pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, leather footwear exports amounted to $19M in 2022. Overall, exports saw a dramatic shrinkage. The smallest decline of -47.1% was in 2020. Over the period under review, the exports attained the peak figure at $70M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Leather Footwear in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 4.5 | 4.6 | N/A | 2.1 | -22.4% |
Colombia | 6.7 | 2.2 | N/A | 1.6 | -38.0% |
Venezuela | 5.5 | 2.7 | N/A | 1.2 | -39.8% |
Guatemala | 4.3 | 2.4 | N/A | 1.1 | -36.5% |
Ecuador | 5.1 | 2.0 | N/A | 1.1 | -40.0% |
Peru | 4.1 | 1.8 | N/A | 1.0 | -37.5% |
Costa Rica | 2.3 | 1.7 | N/A | 0.7 | -32.7% |
Dominican Republic | 3.4 | 1.7 | N/A | 0.7 | -41.0% |
Honduras | 2.7 | 1.7 | N/A | 0.6 | -39.4% |
Free Zones | 0.8 | 2.2 | N/A | 0.5 | -14.5% |
El Salvador | 1.4 | 0.6 | N/A | 0.3 | -40.2% |
Nicaragua | 1.2 | 1.0 | N/A | 0.3 | -37.0% |
United States | 1.1 | 0.6 | N/A | 0.3 | -35.2% |
Others | 26.9 | 11.8 | N/A | 6.8 | -36.8% |
Total | 70.0 | 37.0 | N/A | 18.5 | -35.8% |
Top Export Markets for Leather Footwear from Panama in 2022:
- Colombia (39.8K pairs)
- Chile (24.2K pairs)
- Venezuela (24.0K pairs)
- Guatemala (23.4K pairs)
- Ecuador (21.9K pairs)
- Peru (18.7K pairs)
- Dominican Republic (16.8K pairs)
- Honduras (15.0K pairs)
- Costa Rica (14.6K pairs)
- Free Zones (14.2K pairs)
- El Salvador (7.0K pairs)
- Nicaragua (6.7K pairs)
- United States (5.8K pairs)
This report provides an in-depth analysis of the leather footwear 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 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
- Prodcom 15201351 - Men
- Prodcom 15201352 - Women
- Prodcom 15201353 - Children
- Prodcom 15201361 - Men
- Prodcom 15201362 - Women
- Prodcom 15201363 - Children
- Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
- Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
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
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