Report Update: May 1, 2024

Panama - Woven Carpets And Other Woven Textile Coverings - Market Analysis, Forecast, Size, Trends And Insights

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Woven Carpet Price in Panama - 2023

Woven Carpet Price in Panama (CIF) - 2023

The average woven carpet import price stood at $8.9 per square meter in September 2023, dropping by -4.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 24% month-to-month. Over the period under review, average import prices reached the peak figure at $11.0 per square meter in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Free Zones ($9.4 per square meter) and China ($8.8 per square meter), while the price for India ($7.8 per square meter) and Sri Lanka ($8.1 per square meter) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Woven Carpet Price in Panama (FOB) - 2022

In 2022, the average woven carpet export price amounted to $9.2 per square meter, surging by 2.2% against the previous year. In general, the export price, however, saw a slight reduction. The pace of growth was the most pronounced in 2014 an increase of 16% against the previous year. As a result, the export price reached the peak level of $13 per square meter. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Jamaica ($10 per square meter) and Ecuador ($9.3 per square meter), while the average price for exports to the Dominican Republic ($8.5 per square meter) and Honduras ($8.5 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 Jamaica (+0.4%), while the prices for the other major destinations experienced a decline.

Woven Carpet Imports in Panama

In 2022, woven carpet imports into Panama dropped sharply to 341K square meters, waning by -18.1% compared with the previous year's figure. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked at 466K square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, woven carpet imports declined markedly to $3.2M in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, imports hit record highs at $4.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Woven Carpet in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	787	462	874	941	6.1%
China	1,291	778	946	780	-15.5%
Free Zones	294	426	616	702	33.7%
Turkey	36.0	18.7	56.9	267	95.0%
India	321	281	82.4	157	-21.2%
Belgium	196	71.3	27.2	63.1	-31.5%
Netherlands	4.4	1.9	1.2	39.8	108.4%
Taiwan (Chinese)	108	67.1	59.2	3.7	-67.5%
Indonesia	79.9	231	195	2.1	-70.3%
Egypt	389	438	468	0.9	-86.8%
United Arab Emirates	79.2	88.3	90.3	N/A	6.8%
Others	553	487	497	229	-25.5%
Total	4,137	3,351	3,913	3,186	-8.3%

Top Suppliers of Woven Carpet to Panama in 2022:

United States (102.6K square meters)
China (85.2K square meters)
Free Zones (70.5K square meters)
Turkey (29.6K square meters)
India (17.7K square meters)
Belgium (8.0K square meters)
Netherlands (5.3K square meters)
Taiwan (Chinese) (0.4K square meters)
Egypt (0.1K square meters)
Indonesia (0.1K square meters)

Woven Carpet Exports in Panama

In 2022, the amount of woven carpets and other woven textile coverings exported from Panama rose rapidly to 227K square meters, surging by 13% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 254K square meters. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, woven carpet exports skyrocketed to $2.1M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 22%. As a result, the exports reached the peak of $2.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Woven Carpet in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	87.5	218	154	204	32.6%
United States	105	202	174	187	21.2%
Dominican Republic	129	150	173	187	13.2%
Costa Rica	225	359	233	181	-7.0%
Nicaragua	50.5	60.4	75.7	93.7	22.9%
Honduras	70.3	60.5	78.1	84.4	6.3%
Trinidad and Tobago	92.5	88.2	78.3	83.8	-3.2%
Guatemala	15.6	32.5	57.9	64.5	60.5%
Colombia	101	43.3	45.5	63.0	-14.6%
El Salvador	29.6	52.6	36.7	47.4	17.0%
Ecuador	79.4	49.5	38.7	46.6	-16.3%
Lebanon	18.0	45.4	40.0	42.5	33.2%
Jamaica	45.6	55.0	30.8	38.8	-5.2%
Others	894	950	578	757	-5.4%
Total	1,943	2,367	1,793	2,080	2.3%

Top Export Markets for Woven Carpet from Panama in 2022:

Venezuela (22.9K square meters)
Dominican Republic (22.1K square meters)
Costa Rica (21.0K square meters)
United States (20.9K square meters)
Nicaragua (10.8K square meters)
Honduras (9.9K square meters)
Trinidad and Tobago (9.3K square meters)
Guatemala (7.1K square meters)
Colombia (6.8K square meters)
El Salvador (5.2K square meters)
Ecuador (5.0K square meters)
Lebanon (4.8K square meters)
Jamaica (3.7K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woven carpet 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 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)

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
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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