Panama: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Panama

In 2023, the Panamanian ceramic statuette market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Ceramic Statuette Exports

Exports from Panama

In 2023, exports of ceramic statuettes and other ornamental articles from Panama contracted significantly to X tons, which is down by X% against the year before. In general, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ceramic statuette exports fell remarkably to $X in 2023. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Guyana (X tons), the United States (X tons) and Paraguay (X tons) were the main destinations of ceramic statuette exports from Panama, together comprising X% of total exports. Chile, Nicaragua, Guatemala, Spain and Grenada lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic statuette exported from Panama were Paraguay ($X), Guatemala ($X) and Chile ($X), with a combined X% share of total exports. Guyana, the United States, Grenada, Spain and Nicaragua lagged somewhat behind, together accounting for a further X%.

Nicaragua, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic statuette export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ceramic statuette export price decreased by X% against 2021 indices. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Statuette Imports

Imports into Panama

In 2023, supplies from abroad of ceramic statuettes and other ornamental articles increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, ceramic statuette imports contracted to $X in 2023. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of ceramic statuette to Panama, accounting for a X% share of total imports. Moreover, ceramic statuette imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Free Zones ($X) were the largest ceramic statuette suppliers to Panama, together comprising X% of total imports.

Free Zones, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average ceramic statuette import price amounted to $X per ton, declining by X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ceramic statuette import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, 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