Panama: Women Hosiery Market 2025

Women Hosiery Market Size in Panama

The Panamanian women hosiery market totaled $X in 2022, increasing by 13% against the previous year. Overall, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Women Hosiery Production in Panama

In value terms, women hosiery production rose remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 50% against the previous year. Women hosiery production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Women Hosiery Exports

Exports from Panama

In 2022, the amount of socks, stockings and other women's hosiery exported from Panama shrank remarkably to X pairs, which is down by -83.6% on 2021. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 39%. Over the period under review, the exports reached the peak figure at X pairs in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, women hosiery exports contracted remarkably to $X in 2022. Overall, exports recorded a sharp downturn. The growth pace was the most rapid in 2017 when exports increased by 40% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X pairs) was the main destination for women hosiery exports from Panama, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Free Zones totaled -21.3%.

In value terms, Free Zones ($X) also remains the key foreign market for socks, stockings and other women's hosiery exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at -20.6%.

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, with an increase of 1.5% against the previous year. Overall, the export price recorded noticeable growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 150%. The export price peaked at $X per pair in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +26.5% per year.

Women Hosiery Imports

Imports into Panama

In 2022, purchases abroad of socks, stockings and other women's hosiery was finally on the rise to reach X pairs for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports enjoyed measured growth. The most prominent rate of growth was recorded in 2017 when imports increased by 181%. Imports peaked at X pairs in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports expanded sharply to $X in 2022. Overall, imports, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 156%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Free Zones (X pairs), China (X pairs) and the United States (X pairs) were the main suppliers of women hosiery imports to Panama, together accounting for 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Free Zones (with a CAGR of +68.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest women hosiery suppliers to Panama were Free Zones ($X), China ($X) and the United States ($X), together comprising 85% of total imports.

In terms of the main suppliers, Free Zones, with a CAGR of +80.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average women hosiery import price stood at $X per pair in 2022, waning by -4.7% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 26%. The import price peaked at $X per pair in 2012; however, from 2013 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 Turkey ($X per pair), while the price for Pakistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform