Panama: Sleeping Bag Market 2024

Sleeping Bag Market Size in Panama

The Panamanian sleeping bag market expanded significantly to $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, saw a noticeable reduction. Sleeping bag consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Sleeping Bag Production in Panama

In value terms, sleeping bag production stood at $X in 2023 estimated in export price. Over the period under review, production recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Sleeping bag production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Sleeping Bag Exports

Exports from Panama

Sleeping bag exports from Panama reduced notably to X units in 2023, waning by X% against 2022. Over the period under review, exports saw a sharp descent. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, sleeping bag exports declined rapidly to $X in 2023. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Barbados (X units), Grenada (X units) and Paraguay (X units) were the main destinations of sleeping bag exports from Panama, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Grenada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sleeping bag exported from Panama were Guyana ($X), Barbados ($X) and Grenada ($X), together comprising X% of total exports.

Grenada, with a CAGR of X%, 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

The average sleeping bag export price stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price continues to indicate a temperate expansion. As a result, the export price attained 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 Guyana ($X per unit), while the average price for exports to Antigua and Barbuda ($X per unit) was amongst the lowest.

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

Sleeping Bag Imports

Imports into Panama

In 2023, the amount of sleeping bags imported into Panama skyrocketed to X units, rising by X% compared with the previous year's figure. In general, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, sleeping bag imports soared to $X in 2023. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of sleeping bag to Panama, accounting for a X% share of total imports. Moreover, sleeping bag imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X units), threefold.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of sleeping bags to Panama, comprising X% of total imports. The second position in the ranking was held by Free Zones ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and the United States (X% per year).

Import Prices by Country

The average sleeping bag import price stood at $X per unit in 2023, falling by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sleeping bag import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform