Panama: Market for Sanitary Towels, Tampons, Napkins and Diapers 2024

Market Size for Sanitary Towels, Tampons, Napkins and Diapers in Panama

The Panamanian sanitary towel and diaper market declined to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Sanitary towel and diaper consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sanitary Towels, Tampons, Napkins and Diapers in Panama

In value terms, sanitary towel and diaper production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Sanitary Towels, Tampons, Napkins and Diapers

Exports from Panama

In 2022, approx. X tons of sanitary towels, tampons, napkins and diapers were exported from Panama; with a decrease of X% against 2021. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sanitary towel and diaper exports declined dramatically to $X in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for sanitary towel and diaper exports from Panama, accounting for a X% share of total exports. Moreover, sanitary towel and diaper exports to the United States exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was taken by Venezuela (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Venezuela (X% per year).

In value terms, the United States ($X) remains the key foreign market for sanitary towels, tampons, napkins and diapers exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average sanitary towel and diaper export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Colombia ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced a decline.

Imports of Sanitary Towels, Tampons, Napkins and Diapers

Imports into Panama

Sanitary towel and diaper imports into Panama dropped to X tons in 2022, falling by X% on the previous year's figure. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sanitary towel and diaper imports shrank slightly to $X in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Mexico (X tons), Costa Rica (X tons) and the United States (X tons) were the main suppliers of sanitary towel and diaper imports to Panama, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of sanitary towels, tampons, napkins and diapers to Panama, comprising X% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

Import Prices by Country

The average sanitary towel and diaper import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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