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Panama Wool Industry Outlook 2022 - 2026

See how Panama Wool performed compared to key markets such as China, Italy and Germany.

Key Market Indicators

Panama's wool import and export are both set to decline over the next five years. Import is expected to drop from $160,440 in 2021 to around $100,000 in 2026, representing a decline of 7.8% each year. The country has seen a 1% annual increase since 2000. In 2021, it ranked 103rd, overtaken by the Maldives. Italy, Germany and the UK were the top three rankings in this area. Meanwhile, Panama's wool export is forecast to fall from $135,800 in 2021 to roughly $83,000 in 2026, representing a decline of 8.3% each year. Supply has decreased by 3.7% annually since 2011. In 2021, the country was 79th, behind Sri Lanka. China, Italy and Germany were the top three rankings in this area.

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