The import of ceramic housewares, except porcelain or china, to Panama is forecasted to decrease steadily from 2024 to 2028, starting at 1.0203 million kilograms in 2024 and declining to 0.87765 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of around -3.71% over this five-year period. The year-on-year decline in volume is consistent, indicating a gradual reduction.
In 2023, the import volume was slightly above the 2024 forecast, suggesting a continuation of the declining trend observed in the prior years. This reduction may be attributed to increased local production or shifts in consumer preference toward alternative materials.
Future trends to watch for include potential impacts of global trade changes, shifting consumer preferences towards eco-friendly products, and economic factors in Panama that may affect import levels. Monitoring these factors will be essential to understand future shifts in the import of ceramic housewares.
