Panama: Market for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn 2024

Market Size for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Panama

The Panamanian metal thread woven fabric market expanded slightly to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption enjoyed resilient growth. Metal thread woven fabric consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Panama

In value terms, metal thread woven fabric production stood at $X in 2023 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2023: its value 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Exports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Exports from Panama

In 2023, the amount of woven fabrics of metal thread and woven fabrics of metallised yarn exported from Panama shrank sharply to X square meters, which is down by X% compared with 2022 figures. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, metal thread woven fabric exports shrank sharply to $X in 2023. In general, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Venezuela (X square meters), Trinidad and Tobago (X square meters) and Uruguay (X square meters) were the main destinations of metal thread woven fabric exports from Panama, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Uruguay (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Venezuela ($X) remains the key foreign market for woven fabrics of metal thread and woven fabrics of metallised yarn exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2023, the average metal thread woven fabric export price amounted to $X per square meter, reducing by X% against the previous year. In general, the export price saw a mild decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2017; however, from 2018 to 2023, 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 Colombia ($X per square meter), while the average price for exports to Trinidad and Tobago ($X per square meter) was amongst the lowest.

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

Imports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Imports into Panama

In 2023, overseas purchases of woven fabrics of metal thread and woven fabrics of metallised yarn were finally on the rise to reach X square meters for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a sharp contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, metal thread woven fabric imports reduced to $X in 2023. Overall, imports, however, recorded a significant decline. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Hong Kong SAR (X square meters) constituted the largest metal thread woven fabric supplier to Panama, accounting for a X% share of total imports. Moreover, metal thread woven fabric imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold. Taiwan (Chinese) (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest metal thread woven fabric suppliers to Panama were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined X% share of total imports.

Taiwan (Chinese), 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 a decline.

Import Prices by Country

In 2023, the average metal thread woven fabric import price amounted to $X per square meter, waning by X% against the previous year. Over the period under review, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform