Report Update: May 1, 2024

Panama - Tufted Textile Fabrics - Market Analysis, Forecast, Size, Trends And Insights

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Tufted Textile Fabric Price in Panama - 2023

Tufted Textile Fabric Price in Panama (CIF) - 2022

The average tufted textile fabric import price stood at $1.2 per square meter in 2022, waning by -59.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 262% against the previous year. Over the period under review, average import prices reached the maximum at $6.1 per square meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($1.5 per square meter), while the price for China stood at $1.1 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+36.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Tufted Textile Fabric Price in Panama (FOB) - 2022

In 2022, the average tufted textile fabric export price amounted to $38 per square meter, stabilizing at the previous year. In general, the export price enjoyed a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Trinidad and Tobago ($1 per square meter) and the Dominican Republic ($0.9 per square meter), while the average price for exports to Chile ($0.7 per square meter) and Nicaragua ($0.9 per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tufted Textile Fabric Imports in Panama

In 2022, overseas purchases of tufted textile fabrics increased by 9,737% to 34K square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp descent. Imports peaked at 112K square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, tufted textile fabric imports soared to $39K in 2022. Overall, imports, however, faced a significant contraction. Over the period under review, imports reached the maximum at $682K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Tufted Textile Fabric in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	21.9	58.2	N/A	38.0	20.2%
Free Zones	659	0.8	0.7	0.7	-89.8%
Others	0.8	2.0	0.3	N/A	-38.8%
Total	682	61.0	1.0	38.7	-61.6%

Top Suppliers of Tufted Textile Fabric to Panama in 2022:

China (33.0K square meters)
Free Zones (0.5K square meters)

Tufted Textile Fabric Exports in Panama

For the third consecutive year, Panama recorded decline in overseas shipments of tufted textile fabrics, which decreased by 0% to 246 square meters in 2022. In general, exports showed a sharp decrease. The smallest decline of -97% was in 2020. The exports peaked at 378K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tufted textile fabric exports amounted to $9.3K in 2022. Over the period under review, exports saw a precipitous setback. The smallest decline of -97.2% was in 2020. The exports peaked at $672K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Tufted Textile Fabric in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nicaragua	3.7	4.9	N/A	0.1	-70.0%
Dominican Republic	0.7	1.7	N/A	N/A	142.9%
Chile	0.5	3.2	N/A	N/A	540.0%
Aruba	0.4	2.1	N/A	N/A	425.0%
Guatemala	1.0	N/A	N/A	N/A	0%
Trinidad and Tobago	0.5	0.5	N/A	N/A	0.0%
Costa Rica	3.1	2.7	N/A	N/A	-12.9%
Honduras	0.7	0.7	N/A	N/A	0.0%
Belize	N/A	2.1	N/A	N/A	0%
Others	661	0.8	N/A	9.1	-76.0%
Total	672	18.6	N/A	9.3	-76.0%

Top Export Markets for Tufted Textile Fabric from Panama in 2022:

Nicaragua (78.0 square meters)
Chile (60.0 square meters)
Costa Rica (44.0 square meters)
Dominican Republic (26.0 square meters)
Honduras (23.0 square meters)
Trinidad and Tobago (15.0 square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tufted textile fabric 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 13204500 - Tufted textile fabrics (excluding tufted carpets and other textile floor coverings)

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