Panama: Jersey Market 2024

Jersey Market Size in Panama

The Panamanian jersey market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Jersey Production in Panama

In value terms, jersey production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Jersey production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Jersey Exports

Exports from Panama

In 2022, the amount of jerseys, pullovers, cardigans and similar articles exported from Panama reduced rapidly to X units, which is down by X% on the previous year. Over the period under review, exports faced a significant decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, jersey exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a significant decline. The growth pace was the most rapid in 2018 with an increase of X% 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

Free Zones (X units) was the main destination for jersey exports from Panama, accounting for a X% share of total exports. Moreover, jersey exports to Free Zones exceeded the volume sent to the second major destination, the Dominican Republic (X units), tenfold. The third position in this ranking was taken by Costa Rica (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Costa Rica (X% per year).

In value terms, Free Zones ($X) remains the key foreign market for jerseys, pullovers, cardigans and similar articles exports from Panama, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average jersey export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jersey export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to the Dominican Republic ($X 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 Free Zones (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jersey Imports

Imports into Panama

For the third year in a row, Panama recorded decline in purchases abroad of jerseys, pullovers, cardigans and similar articles, which decreased by X% to X units in 2022. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jersey imports fell to $X in 2022. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Free Zones (X units) constituted the largest supplier of jersey to Panama, accounting for a X% share of total imports. Moreover, jersey imports from Free Zones exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The United States (X units) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2022, the average jersey import price amounted to $X per unit, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per unit) and the United States ($X per unit), while the price for India ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform