Report Update: May 9, 2024

Panama - Personal Spectacle Optics - Market Analysis, Forecast, Size, Trends And Insights

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Personal Spectacle Optics Price in Panama - 2023

Personal Spectacle Optics Price in Panama (CIF) - 2022

In 2022, the average personal spectacle optics import price amounted to $5.1 per unit, dropping by -6.1% against the previous year. In general, the import price, however, saw a slight expansion. The pace of growth was the most pronounced in 2018 an increase of 56%. The import price peaked at $10 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($11 per unit), while the price for China ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Personal Spectacle Optics Price in Panama (FOB) - 2022

In 2022, the average personal spectacle optics export price amounted to $18 per unit, approximately mirroring the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 50% against the previous year. The export price peaked at $22 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($39 per unit), while the average price for exports to Belize ($1.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports in Panama

In 2022, overseas purchases of personal spectacle optics decreased by -5.7% to 861K units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 44%. As a result, imports attained the peak of 2.6M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, personal spectacle optics imports shrank to $4.4M in 2022. Overall, imports faced a significant curtailment. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Personal Spectacle Optics in Panama (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	4.7	1.5	0.9	1.1	-38.4%
China	8.6	10.6	1.0	1.1	-49.6%
United States	2.8	1.1	1.0	0.9	-31.5%
Free Zones	1.7	1.1	1.5	0.9	-19.1%
Taiwan (Chinese)	0.1	0.2	0.2	0.1	0.0%
Others	0.9	0.7	0.4	0.2	-39.4%
Total	18.9	15.1	5.0	4.4	-38.5%

Top Suppliers of Personal Spectacle Optics to Panama in 2022:

China (476.5K units)
Italy (128.5K units)
United States (103.6K units)
Free Zones (85.5K units)
Taiwan (Chinese) (35.7K units)

Personal Spectacle Optics Exports in Panama

For the third consecutive year, Panama recorded decline in overseas shipments of personal spectacle optics, which decreased by 0% to 303K units in 2022. In general, exports continue to indicate a sharp reduction. The smallest decline of -27.6% was in 2020. The exports peaked at 863K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, personal spectacle optics exports totaled $5.4M in 2022. Over the period under review, exports continue to indicate a dramatic slump. The smallest decline of -32.8% was in 2020. The exports peaked at $16M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Personal Spectacle Optics in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	3,513	1,626	N/A	744	-40.4%
Argentina	495	565	N/A	702	12.4%
Venezuela	1,152	940	N/A	527	-22.9%
United States	182	1,196	N/A	350	24.4%
Chile	511	561	N/A	338	-12.9%
Dominican Republic	1,325	577	N/A	318	-37.9%
Ecuador	938	300	N/A	263	-34.5%
Peru	383	636	N/A	236	-14.9%
Costa Rica	731	680	N/A	136	-42.9%
Guatemala	466	389	N/A	96.9	-40.8%
Mexico	233	118	N/A	90.9	-26.9%
Canada	29.4	105	N/A	89.4	44.9%
Belize	7.1	13.3	N/A	15.9	30.8%
Others	6,053	3,057	N/A	1,475	-37.5%
Total	16,019	10,763	N/A	5,382	-30.5%

Top Export Markets for Personal Spectacle Optics from Panama in 2022:

Argentina (80.6K units)
Chile (30.8K units)
Venezuela (30.1K units)
Colombia (19.1K units)
Costa Rica (13.8K units)
United States (12.4K units)
Guatemala (11.6K units)
Dominican Republic (11.2K units)
Ecuador (8.8K units)
Mexico (8.4K units)
Belize (8.2K units)
Peru (7.0K units)
Canada (5.9K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the personal spectacle optics 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 32504250 - Sunglasses
Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)

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