Panama: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in Panama

The Panamanian wood kitchenware and tableware market reached $X in 2022, picking up by X% against the previous year. Overall, consumption enjoyed a remarkable increase. Wood kitchenware and tableware consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Tableware And Kitchenware Of Wood in Panama

In value terms, wood kitchenware and tableware production reached $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Tableware And Kitchenware Of Wood

Exports from Panama

Wood kitchenware and tableware exports from Panama was estimated at X tons in 2022, standing approx. at the previous year. In general, exports showed a precipitous contraction. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood kitchenware and tableware exports amounted to $X in 2022. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) were the main destinations of wood kitchenware and tableware exports from Panama, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Costa Rica ($X) and the Dominican Republic ($X) appeared to be the largest markets for wood kitchenware and tableware exported from Panama worldwide, together comprising X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average wood kitchenware and tableware export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a perceptible increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Chile ($X per ton), while the average price for exports to Curacao ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports into Panama

In 2022, approx. X tons of tableware and kitchenware of wood were imported into Panama; declining by X% on the previous year's figure. Overall, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, wood kitchenware and tableware imports dropped to $X in 2022. In general, imports recorded a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wood kitchenware and tableware to Panama, accounting for a X% share of total imports. Moreover, wood kitchenware and tableware imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Free Zones (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Free Zones (X% per year).

In value terms, China ($X) constituted the largest supplier of tableware and kitchenware of wood to Panama, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Free Zones, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Free Zones (X% per year).

Import Prices by Country

In 2022, the average wood kitchenware and tableware import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, 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 Brazil ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :