The import of statuettes and ornamental articles of porcelain or china to Panama has experienced a continuous decline from 2017 to 2021, decreasing from $675.33 thousand to $214.09 thousand. This represents a compounded annual growth rate (CAGR) of approximately -20.4% over this five-year span. By 2021, the import value had dropped significantly, with consistent year-on-year declines observed.

As of 2023, there are no specific data points available, but following the past trend, it is likely that the import value remains low or has further decreased slightly. The consistent reduction suggests a possible shift in consumer preferences, changing market demands, or economic factors affecting imports to Panama.

Future Trends to Watch For:

Factors affecting consumer behavior, such as changes in tastes and preferences for ornamental items.
Potential impact of trade agreements or tariffs affecting the flow of imports.
Evolving economic conditions in Panama that may influence purchasing power and import demand.
Increased competition from alternative decorative materials or local producers.