Panama - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Panama - 2023
Contents:
- Metal Domestic Furniture Price in Panama (CIF) - 2023
- Metal Domestic Furniture Price in Panama (FOB) - 2022
- Metal Domestic Furniture Imports in Panama
- Metal Domestic Furniture Exports in Panama
Metal Domestic Furniture Price in Panama (CIF) - 2023
In September 2023, the average metal domestic furniture import price amounted to $4,229 per ton, increasing by 11% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 21% against the previous month. As a result, import price reached the peak level of $5,109 per ton. From November 2022 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,619 per ton), while the price for Spain ($2,322 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 the United States (+0.1%), while the prices for the other major suppliers experienced a decline.
Metal Domestic Furniture Price in Panama (FOB) - 2022
The average metal domestic furniture export price stood at $5,174 per ton in 2022, declining by -3% against the previous year. Overall, the export price, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 86%. Over the period under review, the average export prices hit record highs at $7,233 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($6,389 per ton) and Bahamas ($5,499 per ton), while the average price for exports to Cuba ($4,980 per ton) and Free Zones ($5,194 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 (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Domestic Furniture Imports in Panama
In 2022, metal domestic furniture imports into Panama fell to 11K tons, dropping by -12% compared with the year before. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 13%.
In value terms, metal domestic furniture imports totaled $52M in 2022. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 25%.
| Import of Metal Domestic Furniture in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.4 | 18.7 | 23.7 | 18.5 | -14.3% |
| Free Zones | 8.8 | 5.5 | 9.9 | 7.9 | -3.5% |
| United States | 12.5 | 7.3 | 7.0 | 6.8 | -18.4% |
| Spain | 4.4 | 1.0 | 1.8 | 6.2 | 12.1% |
| Mexico | 1.9 | 0.7 | 0.9 | 4.1 | 29.2% |
| Colombia | 3.1 | 1.4 | 1.3 | 1.5 | -21.5% |
| Brazil | 1.1 | 0.4 | 1.5 | 1.3 | 5.7% |
| Others | 15.4 | 6.1 | 5.6 | 5.9 | -27.4% |
| Total | 76.6 | 41.2 | 51.7 | 52.2 | -12.0% |
Top Suppliers of Metal Domestic Furniture to Panama in 2022:
- China (5.5K tons)
- Spain (1.7K tons)
- Free Zones (1.6K tons)
- United States (0.8K tons)
- Mexico (0.4K tons)
- Brazil (0.3K tons)
- Colombia (0.2K tons)
Metal Domestic Furniture Exports in Panama
In 2022, shipments abroad of metal furniture was finally on the rise to reach 90 tons after two years of decline. Overall, exports, however, showed a precipitous shrinkage.
In value terms, metal domestic furniture exports soared to $466K in 2022. In general, exports, however, recorded a sharp shrinkage.
| Export of Metal Domestic Furniture in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 730 | 1,025 | 269 | 400 | -18.2% |
| Cuba | 494 | 294 | N/A | 55.2 | -51.8% |
| Bahamas | 27.3 | 52.2 | N/A | 9.8 | -28.9% |
| Costa Rica | 1,899 | 1,006 | 0.5 | 1.1 | -91.7% |
| Colombia | 935 | 631 | N/A | 0.1 | -95.3% |
| Venezuela | 781 | 662 | N/A | N/A | -15.2% |
| Dominican Republic | 1,510 | 1,351 | N/A | N/A | -10.5% |
| Peru | 694 | 174 | N/A | N/A | -74.9% |
| Guatemala | 659 | 470 | N/A | N/A | -28.7% |
| Trinidad and Tobago | 655 | 310 | N/A | N/A | -52.7% |
| Nicaragua | 1,197 | 851 | N/A | N/A | -28.9% |
| Honduras | 979 | 786 | N/A | N/A | -19.7% |
| United States | 3,974 | 2,615 | N/A | N/A | -34.2% |
| Others | 11,325 | 7,784 | N/A | N/A | -31.3% |
| Total | 25,860 | 18,011 | 269 | 466 | -73.8% |
Top Export Markets for Metal Domestic Furniture from Panama in 2022:
- Free Zones (77.0 tons)
- Cuba (11.1 tons)
- Bahamas (1.8 tons)
- Costa Rica (0.2 tons)
This report provides an in-depth analysis of the metal domestic furniture 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
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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