The market size value per capita for sporting equipment, swimming, and paddling pools in Panama has shown fluctuations over the past decade, with a notable rebound after a dip in 2015. By 2023, the value reached USD 3.25, indicating a gradual recovery and stabilization post the 2020 slump due to global disruptions. The year-on-year increase from 2022 to 2023 was approximately 0.31%, while the last five years exhibited a modest Compound Annual Growth Rate (CAGR) of 0.63% since 2018, reflecting steady growth.
Future trends to watch include the impact of increased tourism, health and fitness awareness, and advancements in pool technology, which could further elevate market demand and per capita spending. Additionally, economic policies and global trade dynamics will play crucial roles in shaping the market’s trajectory.
