Panama: Chandelier Market 2024

Chandelier Market Size in Panama

The Panamanian chandelier market declined modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion 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 2019 indices. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Chandelier Production in Panama

In value terms, chandelier production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Chandelier Exports

Exports from Panama

In 2022, chandelier exports from Panama amounted to X tons, flattening at the previous year. Over the period under review, exports showed a dramatic contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chandelier exports totaled $X in 2022. Overall, exports faced a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X tons), Guatemala (X tons) and the Dominican Republic (X tons) were the main destinations of chandelier exports from Panama, together accounting for X% of total exports. Honduras, El Salvador, Cuba, Ecuador, Colombia, Venezuela, Jamaica, Nicaragua, Chile and Trinidad and Tobago lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for chandelier exported from Panama were Costa Rica ($X), Guatemala ($X) and the Dominican Republic ($X), together accounting for X% of total exports. Honduras, El Salvador, Cuba, Ecuador, Colombia, Venezuela, Jamaica, Nicaragua, Chile and Trinidad and Tobago lagged somewhat behind, together comprising a further X%.

Cuba, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average chandelier export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Cuba ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Nicaragua ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

Chandelier Imports

Imports into Panama

In 2022, supplies from abroad of chandeliers was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, faced a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chandelier imports soared to $X in 2022. Overall, imports, however, saw a abrupt slump. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Free Zones (X tons) and the United States (X tons) were the main suppliers of chandelier imports to Panama, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Free Zones ($X) and the United States ($X) constituted the largest chandelier suppliers to Panama, with a combined X% share of total imports.

Among the main suppliers, Free Zones, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average chandelier import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 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 Colombia ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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