Panama: Ski Footwear Market 2024

Ski Footwear Market Size in Panama

In 2020, the Panamanian ski footwear market decreased by X% to $X for the first time since 2011, thus ending a eight-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Ski footwear consumption peaked at $X in 2019, and then fell slightly in the following year.

Ski Footwear Production in Panama

In value terms, ski footwear production shrank slightly to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019, and then contracted slightly in the following year.

Ski Footwear Exports

Exports from Panama

In 2020, after six years of decline, there was significant growth in shipments abroad of ski-boots, snowboard boots and cross-country ski footwear, when their volume increased by X% to X pairs. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X pairs. From 2014 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, ski footwear exports rose to $X in 2020. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X pairs) was the main destination for ski footwear exports from Panama, accounting for a X% share of total exports. Moreover, ski footwear exports to Chile exceeded the volume sent to the second major destination, the Dominican Republic (X pairs), more than tenfold. The third position in this ranking was taken by France (X pairs), with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and France (X% per year).

In value terms, Chile ($X) remains the key foreign market for ski-boots, snowboard boots and cross-country ski footwear exports from Panama, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average ski footwear export price stood at $X per pair in 2020, waning by X% against the previous year. In general, export price indicated a strong increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per pair in 2019, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per pair), while the average price for exports to France ($X per pair) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ski Footwear Imports

Imports into Panama

In 2020, after four years of decline, there was significant growth in purchases abroad of ski-boots, snowboard boots and cross-country ski footwear, when their volume increased by X% to X pairs. Over the period under review, imports saw mild growth. Imports peaked at X pairs in 2013; however, from 2014 to 2020, imports failed to regain momentum.

In value terms, ski footwear imports soared to $X in 2020. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the United States (X pairs) was the main ski footwear supplier to Panama, accounting for a X% share of total imports. It was followed by Hong Kong SAR (X pairs), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and India (X% per year).

In value terms, the United States ($X) constituted the largest supplier of ski-boots, snowboard boots and cross-country ski footwear to Panama, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and India (X% per year).

Import Prices by Country

In 2020, the average ski footwear import price amounted to $X per pair, shrinking by X% against the previous year. In general, the import price showed a slight contraction. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per pair in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per pair), while the price for the United States ($X per pair) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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