Panama - Silk Shawls And Scarves - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Panama - Silk Shawls And Scarves - Market Analysis, Forecast, Size, Trends And Insights

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Price for Silk Shawl and Scarf in Panama - 2023

Contents:

  1. Price for Silk Shawl and Scarf in Panama (CIF) - 2022
  2. Price for Silk Shawl and Scarf in Panama (FOB) - 2022
  3. Imports of Silk Shawl and Scarf in Panama
  4. Exports of Silk Shawl and Scarf in Panama

Price for Silk Shawl and Scarf in Panama (CIF) - 2022

In 2022, the average silk shawl and scarf import price amounted to $12 per unit, with a decrease of -15.8% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silk shawl and scarf import price increased by +4.4% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 70% against the previous year. As a result, import price reached the peak level of $18 per unit. From 2017 to 2022, the average 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 Italy ($77 per unit), while the price for India ($2.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silk Shawl and Scarf in Panama (FOB) - 2022

In 2022, the average silk shawl and scarf export price amounted to $49 per unit, remaining stable against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 64%. The export price peaked at $49 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($93 per unit), while the average price for exports to Guatemala ($8.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Lucia (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawl and Scarf in Panama

In 2022, overseas purchases of silk shawls and scarves increased by 57% to 18K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a sharp reduction. Over the period under review, imports attained the maximum at 45K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, silk shawl and scarf imports skyrocketed to $217K in 2022. Overall, imports, however, saw a dramatic descent. Imports peaked at $517K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Silk Shawl and Scarf in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France86.837.532.81087.6%
Italy93.927.136.587.0-2.5%
United States2.92.50.89.045.9%
Switzerland3.41.60.65.819.5%
China20224.01.52.1-78.2%
Thailand53.745.345.6N/A-7.9%
Others74.858.446.05.1-59.1%
Total517196164217-25.1%

Top Suppliers of Silk Shawl and Scarf to Panama in 2022:

  1. China (undefinedK units)
  2. France (14.8K units)
  3. Italy (1.1K units)
  4. United States (1.1K units)
  5. Switzerland (0.4K units)

Exports of Silk Shawl and Scarf in Panama

For the third year in a row, Panama recorded decline in overseas shipments of silk shawls and scarves, which decreased by 0% to 701 units in 2022. Over the period under review, exports recorded a sharp contraction. The smallest decline of -61.8% was in 2020. Over the period under review, the exports reached the maximum at 3.7K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, silk shawl and scarf exports totaled $34K in 2022. In general, exports recorded a dramatic shrinkage. The smallest decline of -57.6% was in 2020. Over the period under review, the exports reached the maximum at $161K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Silk Shawl and Scarf in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic29.215.4N/A8.2-34.5%
Colombia24.911.9N/A3.1-50.1%
El Salvador1.16.9N/A2.633.2%
Costa Rica27.23.4N/A2.6-54.3%
Trinidad and Tobago19.03.6N/A1.9-53.6%
France0.30.4N/A1.467.1%
Saint Lucia8.61.5N/A1.2-48.1%
Ecuador3.02.3N/A1.2-26.3%
Honduras4.10.6N/A1.1-35.5%
Aruba1.92.5N/A1.0-19.3%
ItalyN/AN/AN/A0.80%
Chile2.61.7N/A0.7-35.4%
Guatemala2.31.3N/A0.4-44.2%
Others36.716.7N/A7.8-40.3%
Total16168.1N/A34.1-40.4%

Top Export Markets for Silk Shawl and Scarf from Panama in 2022:

  1. Dominican Republic (140.0 units)
  2. Costa Rica (81.0 units)
  3. Colombia (68.0 units)
  4. France (63.0 units)
  5. El Salvador (44.0 units)
  6. Guatemala (40.0 units)
  7. Trinidad and Tobago (34.0 units)
  8. Italy (29.0 units)
  9. Saint Lucia (23.0 units)
  10. Aruba (16.0 units)
  11. Chile (13.0 units)
  12. Ecuador (13.0 units)
  13. Honduras (12.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for silk shawl and scarf 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 14192338 - Shawls, scarves, mufflers, mantillas, veils and the like, of silk or silk waste (excluding knitted or crocheted)

Country coverage:

    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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. 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
    12. 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
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