Panama: Market for Bed Linen Of Cotton 2025

Market Size for Bed Linen Of Cotton in Panama

For the fifth year in a row, the Panamanian bed linen of cotton market recorded decline in sales value, which decreased by -32% to $X in 2022. In general, consumption recorded a pronounced decline. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Bed Linen Of Cotton in Panama

In value terms, bed linen of cotton production surged to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 285%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Bed Linen Of Cotton

Exports from Panama

In 2022, approx. X tons of bed linen of cotton were exported from Panama; dropping by -14.3% compared with 2021. In general, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2016 with an increase of 53%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bed linen of cotton exports shrank to $X in 2022. Overall, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Haiti (X tons) and Venezuela (X tons) were the main destinations of bed linen of cotton exports from Panama, with a combined 49% share of total exports. Honduras, Nicaragua, Cuba, Costa Rica, Guatemala, El Salvador, Jamaica, Chile, Trinidad and Tobago and Guyana lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of -15.1%), while shipments for the other leaders experienced a decline.

In value terms, Colombia ($X), Haiti ($X) and Venezuela ($X) constituted the largest markets for bed linen of cotton exported from Panama worldwide, together accounting for 50% of total exports. Honduras, Nicaragua, Cuba, Guatemala, Costa Rica, El Salvador, Jamaica, Chile, Trinidad and Tobago and Guyana lagged somewhat behind, together comprising a further 26%.

Nicaragua, with a CAGR of -13.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average bed linen of cotton export price stood at $X per ton in 2022, picking up by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Costa Rica ($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 Nicaragua (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Cotton

Imports into Panama

Bed linen of cotton imports into Panama shrank sharply to X tons in 2022, reducing by -39% compared with the previous year's figure. Overall, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bed linen of cotton imports plummeted to $X in 2022. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 142% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Free Zones (X tons) and the United States (X tons) were the main suppliers of bed linen of cotton imports to Panama, with a combined 92% share of total imports. Spain, India and Pakistan lagged somewhat behind, together accounting for a further 5.8%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +14.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest bed linen of cotton suppliers to Panama were Free Zones ($X), China ($X) and the United States ($X), together accounting for 88% of total imports.

Among the main suppliers, Free Zones, with a CAGR of +27.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bed linen of cotton import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the import price posted a moderate expansion. The most prominent rate of growth was recorded in 2017 an increase of 85% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while the price for China ($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 (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform