Panama - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingT-Shirt Price in Panama - 2023
Contents:
- T-Shirt Price in Panama (FOB) - 2022
- T-Shirt Price in Panama (CIF) - 2023
- T-Shirt Exports in Panama
- T-Shirt Imports in Panama
T-Shirt Price in Panama (FOB) - 2022
In 2022, the average t-shirt export price amounted to $5.4 per unit, remaining stable against the previous year. Over the period under review, the export price continues to indicate a slight decline. The growth pace was the most rapid in 2018 an increase of 9.4% against the previous year. Over the period under review, the average export prices hit record highs at $6.1 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($5.7 per unit), while the average price for exports to the Netherlands ($3.4 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 Paraguay (-0.3%), while the prices for the other major destinations experienced a decline.
T-Shirt Price in Panama (CIF) - 2023
The average t-shirt import price stood at $7.1 per unit in July 2023, growing by 2.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 6.2% month-to-month. The import price peaked in July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from the United States ($7.2 per unit) and China ($7.2 per unit), while the price for Bangladesh ($6.5 per unit) and Turkey ($6.6 per unit) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
T-Shirt Exports in Panama
In 2022, exports of t-shirts from Panama skyrocketed to 6.7M units, surging by 223% against 2021. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, t-shirt exports surged to $36M in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of T-Shirt in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 1,005 | 937 | 1,061 | 3,707 | 54.5% |
Mexico | 869 | 446 | 806 | 2,730 | 46.5% |
Colombia | 1,321 | 591 | 707 | 2,524 | 24.1% |
Costa Rica | 866 | 497 | 543 | 1,774 | 27.0% |
Netherlands | 153 | 187 | 247 | 976 | 85.5% |
Honduras | 389 | 230 | 249 | 806 | 27.5% |
Nicaragua | 250 | 242 | 252 | 785 | 46.4% |
Paraguay | 282 | 196 | 99.7 | 733 | 37.5% |
Curacao | 266 | 75.3 | 193 | 665 | 35.7% |
Peru | 356 | 144 | 178 | 655 | 22.5% |
Ecuador | 378 | 107 | 154 | 635 | 18.9% |
El Salvador | 385 | 166 | 170 | 525 | 10.9% |
Haiti | 150 | 46.4 | 153 | 520 | 51.3% |
Others | 7,539 | 4,333 | 6,391 | 19,108 | 36.3% |
Total | 14,210 | 8,199 | 11,205 | 36,142 | 36.5% |
Top Export Markets for T-Shirt from Panama in 2022:
- Venezuela (674.4K units)
- Mexico (504.6K units)
- Colombia (465.3K units)
- Costa Rica (326.6K units)
- Netherlands (286.7K units)
- Honduras (148.3K units)
- Nicaragua (137.5K units)
- Paraguay (132.8K units)
- Curacao (123.1K units)
- Peru (121.0K units)
- Ecuador (117.6K units)
- Haiti (96.4K units)
- El Salvador (92.0K units)
T-Shirt Imports in Panama
In 2022, approx. 64M units of t-shirts were imported into Panama; picking up by 11% compared with 2021. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 202%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, t-shirt imports skyrocketed to $145M in 2022. Overall, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of T-Shirt in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 60.9 | 25.7 | 33.6 | 40.8 | -12.5% |
Free Zones | N/A | N/A | N/A | 25.3 | 0% |
India | 14.2 | 7.2 | 9.8 | 15.4 | 2.7% |
Turkey | 1.8 | 1.0 | 1.8 | 6.0 | 49.4% |
United States | 7.6 | 2.6 | 6.6 | 5.5 | -10.2% |
Spain | 3.2 | 1.1 | 2.3 | 4.1 | 8.6% |
Sri Lanka | 0.9 | 0.7 | 1.9 | 3.6 | 58.7% |
Mexico | 1.6 | 4.0 | 0.2 | 3.3 | 27.3% |
Vietnam | 5.8 | 4.3 | 5.7 | 3.0 | -19.7% |
Others | 25.0 | 20.6 | 32.2 | 38.3 | 15.3% |
Total | 121 | 67.2 | 94.1 | 145 | 6.2% |
Top Suppliers of T-Shirt to Panama in 2022:
- China (25.2M units)
- India (13.4M units)
- United States (5.0M units)
- Turkey (4.6M units)
- Free Zones (3.4M units)
- Mexico (2.7M units)
- Sri Lanka (1.1M units)
- Spain (1.1M units)
- Vietnam (0.5M units)
This report provides an in-depth analysis of the t-shirt 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 14143000 - T-shirts, singlets and vests, knitted or crocheted
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
This report provides an in-depth analysis of the t-shirt market in Panama.
This report provides an in-depth analysis of the global t-shirt market.
This report provides an in-depth analysis of the t-shirt market in Panama.
This report provides an in-depth analysis of the global t-shirt market.
Explore the top import markets for t-shirts around the world, including the United States, Germany, France, and more. Gain valuable insights into consumer preferences and market trends in the global fashion industry.
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In 2016, the global T-shirt market grew to X units, rising by an average growth rate of X% over the last nine years.
Global t-shirt imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, t-shirt imports continue to indicate a relatively flat trend pattern. The most prominent...
Global t-shirt imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, t-shirt imports continue to indicate a relatively flat trend pattern. The most prominent...
In 2015, global T-shirt market stood at X million units.
In 2015, global T-shirt market stood at X million units. In value terms, the market fluctuated over the period under review.
In 2015, the value of total imports on the global T-shirt market stood at X billion USD. In physical terms, the total volume of T-shirts decreased to X billion units in 2015, which was X million units (X%) less than the year before.
In 2015, the U.S. (X million units) was the leading t-shirt consuming market, distantly followed by China (X million units), the U.K. (X million units), and Canada (X million units). Together, these countries accounted for approximately X% o