The world's most comprehensive market research on consumer produc...
The world's most comprehensive market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Panama.
As the pandemic began to wane there was a slowdown in sales of home care products associated with disinfection and cleaning in 2022. Less time spent at home led to lower usage of products such as dishwashing and toilet care. High and rising inflation…
Supply chain challenges and higher global cellulose raw material prices led to higher average retail prices for tissue and hygiene products in 2022. Inflation reduced buying frequency and the elimination of non-essential products. This favoured…
Consumer health experienced growth across the board in 2022, although categories that saw strong growth spikes during the height of the pandemic in 2020, such as immunity boosting vitamins and dietary supplements witnessed some slowdown thanks to the…
Tobacco sales dropped in both 2020 and 2021 due to health concerns around COVID-19, while lockdown and home seclusion diminished social occasions and opportunities to smoke. Moreover, smoking prevalence remains low in Panama and is falling despite…
After plummeting in 2020, on-trade sales recovered well in 2021, with total volume sales rising to exceed those seen in 2019. Despite a rebounding on-trade, the off-trade was also strong as at-home consumption remained popular. Low tax rates, the…
Soft drinks consumption achieved solid growth in 2022. This was based on strong growth of both carbonates and bottled water, which combined account for the lion’s share of market volume sales. Soft drinks is also benefiting from the recovery of…
Although Panama is a democratic society, corruption is pervasive and government finances are under pressure. Economic momentum has exhibited strength following the initial shock of the Coronavirus (COVID-19) pandemic and dollarization is limiting…
Panama’s sales of staple foods are buoyed by extensive urbanisation, the rise of modern grocery retailers and wider product selection. However, in the wake of the COVID-19 pandemic, the resumption of pre-pandemic lifestyles, Russia’s invasion of…
Hot drinks sales achieved steady growth in 2022. While the largest category coffee performed best, growth was not as strong as had been expected. In addition to category maturity, sales were also hampered by significant global price hikes. Economic…
In 2021, beauty and personal care rebounded after steep declines in the previous year that were stimulated by the onset of COVID-19. The strongest corrections were in sun care, fragrances and colour cosmetics as consumers were able to venture outside…
Cooking ingredients and meals slowed in volume terms in 2022 while value sales rose strongly due to rising inflation. Hard-pressed consumers were forced to rein in their spending and focus on products of greater necessity. Prior to the pandemic,…
? Dairy products and alternatives saw positive growth in 2022 as society reopened. However, sales were constrained by rising unit prices caused by an increase in raw material costs, such as wheat, raw milk, sugar and oil, as well as rising fuel…
Panama’s economy will return to normality in 2021, which implies a sizable cumulative output loss compared to the pre-pandemic outlook. Prices will remain soft. Weaker economic activity will lower credit growth. Suspension of labour contracts (to…
The number of households is set to increase rapidly in Panama over 2021-2040, with single person becoming the dominant household type. While household earnings will only gradually reach pre-pandemic levels, the fastest household expenditure growth is…
The commodities country overview provides comprehensive data on production, consumption and price trends in key commodities markets. The commodities overview in Panama covers production and consumption trends in agricultural commodities, energy…
The report examines the economic landscape of Panama and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Panama grew in real terms in 2022, driven by rising public and private…
Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regard to which country (or even which region within a country) to enter, which consumer segment to target, which…
Economies that offer an efficient, fast and inexpensive path to starting a business enjoy great dynamism and high FDI intake. A country with a competitive business environment is offering sound transport and ICT infrastructure; an effective juridical…