Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama - 2023

Contents:

  1. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama (CIF) - 2023
  2. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama (FOB) - 2022
  3. Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama
  4. Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama (CIF) - 2023

The average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $3.2 per unit in November 2023, increasing by 6.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 14% month-to-month. The import price peaked at $3.8 per unit in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Colombia ($11.6 per unit), while the price for China ($2.5 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Colombia (+10.5%), while the prices for the other major suppliers experienced a decline.

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama (FOB) - 2022

In 2022, the average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s amounted to $4.1 per unit, reducing by -16.9% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42% against the previous year. The export price peaked at $7.6 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($11 per unit), while the average price for exports to Colombia ($0.5 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 Belize (-4.2%), while the prices for the other major destinations experienced a decline.

Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama

In 2022, supplies from abroad of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s increased by 51% to 1.1M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a dramatic contraction. Over the period under review, imports of reached the peak figure at 4.8M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s soared to $3.5M in 2022. In general, imports, however, saw a sharp decrease. Over the period under review, imports of hit record highs at $12M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.45.01.21.4-48.7%
Free Zones1.20.51.01.20.0%
United States0.30.10.40.410.1%
ColombiaN/A0.1N/A0.4100.0%
Hong Kong SAR0.1N/AN/A0.10.0%
Others0.20.20.10.1-20.6%
Total12.35.92.73.5-34.2%

Top Suppliers of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) to Panama in 2022:

  1. China (439.6K units)
  2. Free Zones (380.4K units)
  3. Colombia (125.3K units)
  4. United States (105.3K units)
  5. Hong Kong SAR (24.5K units)

Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama

In 2022, shipments abroad of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s was finally on the rise to reach 100K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a drastic downturn. The exports peaked at 126K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s soared to $412K in 2022. Overall, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica18112546.62064.4%
Dominican Republic9.912.857.770.892.7%
Jamaica27.614.416.125.7-2.3%
Ecuador1.22.7N/A11.4111.8%
Belize19.97.65.610.3-19.7%
Grenada8.75.322.310.35.8%
Barbados4.98.57.710.127.3%
Suriname4.711.91.89.928.2%
Guyana8.611.27.49.74.1%
Guatemala24.562.552.38.5-29.7%
Trinidad and Tobago15.06.88.04.4-33.6%
Colombia9.80.31.21.0-53.3%
Saint Vincent and the Grenadines4.111.17.1N/A31.6%
Others47.837.425.334.1-10.6%
Total3673172594123.9%

Top Export Markets for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) from Panama in 2022:

  1. Costa Rica (62.6K units)
  2. Dominican Republic (6.6K units)
  3. Jamaica (5.3K units)
  4. Guyana (4.6K units)
  5. Grenada (2.6K units)
  6. Guatemala (2.4K units)
  7. Belize (2.3K units)
  8. Colombia (2.2K units)
  9. Suriname (2.1K units)
  10. Ecuador (1.8K units)
  11. Barbados (1.7K units)
  12. Trinidad and Tobago (0.7K units)
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