Composition Leather Price in Panama - 2023
Contents:
Composition Leather Price in Panama (CIF) - 2022
In 2022, the average composition leather import price amounted to $11 per square meter, increasing by 15% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 94%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 China ($36 per square meter), while the price for Argentina ($1.1 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 (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Composition Leather Imports in Panama
In 2022, the amount of composition leather imported into Panama shrank to 983 square meters, waning by -7.5% against the previous year's figure. Over the period under review, imports saw a abrupt curtailment. The smallest decline of -7.5% was in 2021. Imports peaked at 1.2K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, composition leather imports rose remarkably to $11K in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 5.9%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Composition Leather in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.0 | 3.6 | 2.9 | 3.6 | -3.5% |
| China | 3.1 | 2.4 | 1.7 | 1.8 | -16.6% |
| United States | 0.5 | 0.1 | 0.3 | 0.3 | -15.7% |
| Argentina | 0.8 | 0.6 | 0.3 | 0.3 | -27.9% |
| Others | 0.8 | 3.1 | 5.2 | 5.1 | 85.4% |
| Total | 9.3 | 9.9 | 10.4 | 11.1 | 6.1% |
Top Suppliers of Composition Leather to Panama in 2022:
- Italy (1207.0 square meters)
- Argentina (262.0 square meters)
- China (49.0 square meters)
- United States (28.0 square meters)
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This report provides an in-depth analysis of the global composition leather market.
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This report provides an in-depth analysis of the global composition leather market.
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