Panama: Market for Non-PVC Floor, Wall and Ceiling Coverings 2025

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Panama

In 2022, the Panamanian market for non-PVC floor, wall and ceiling coverings was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption posted a prominent expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Non-PVC Floor, Wall and Ceiling Coverings in Panama

In value terms, production of non-PVC floor, wall and ceiling coverings surged to $X in 2022 estimated in export price. Over the period under review, production saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 134% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Panama

In 2022, shipments abroad of non-PVC floor, wall and ceiling coverings was finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 135%. The exports peaked at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of non-PVC floor, wall and ceiling coverings surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 200%. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X square meters), Cuba (X square meters) and the Dominican Republic (X square meters) were the main destinations of exports of non-PVC floor, wall and ceiling coverings from Panama, with a combined 42% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +23.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-PVC floor, wall and ceiling coverings exported from Panama were Colombia ($X), Cuba ($X) and the Dominican Republic ($X), with a combined 44% share of total exports.

Colombia, with a CAGR of +33.0%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for non-PVC floor, wall and ceiling coverings amounted to $X per square meter, declining by -11.6% against the previous year. In general, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 34%. The export price peaked at $X per square meter in 2021, and then shrank in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Barbados ($X per square meter) and Costa Rica ($X per square meter), while the average price for exports to Venezuela ($X per square meter) and Jamaica ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports into Panama

In 2022, imports of non-pvc floor, wall and ceiling coverings into Panama skyrocketed to X square meters, rising by 37% on the previous year. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 803% against the previous year. Over the period under review, imports of attained the peak figure at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-PVC floor, wall and ceiling coverings skyrocketed to $X in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 767% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Panama, with a 64% share of total imports. Moreover, imports of non-PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, the United States (X square meters), sixfold. Thailand (X square meters) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+70.3% per year) and Thailand (+25.4% per year).

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Panama, comprising 56% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Free Zones, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +45.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+64.2% per year) and Free Zones (+22.5% per year).

Import Prices by Country

In 2022, the average import price for non-PVC floor, wall and ceiling coverings amounted to $X per square meter, jumping by 33% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for non-PVC floor, wall and ceiling coverings increased by +77.4% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, 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 Free Zones ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform