| Product Code: ETC4842481 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Panama continued to see significant import shipments of floriculture products, with top exporting countries to Oman being Colombia, Ecuador, China, Costa Rica, and India. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting dominant suppliers. Despite the challenging CAGR of -42.38% from 2020 to 2024, there was a notable growth spike from 2023 to 2024 at 60.58%, indicating a potential shift or recovery in the market dynamics. This data highlights the evolving landscape of Panama`s floriculture imports and the key players contributing to its market trends.

By 2027, the Floriculture market in Panama is anticipated to reach a growth rate of 9.51%, as part of an increasingly competitive Latin America region, where Brazil remains at the forefront, supported by Mexico, Argentina, Colombia and Chile, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Panama Floriculture Market Overview |
3.1 Panama Country Macro Economic Indicators |
3.2 Panama Floriculture Market Revenues & Volume, 2021 & 2031F |
3.3 Panama Floriculture Market - Industry Life Cycle |
3.4 Panama Floriculture Market - Porter's Five Forces |
3.5 Panama Floriculture Market Revenues & Volume Share, By Flower Type, 2021 & 2031F |
3.6 Panama Floriculture Market Revenues & Volume Share, By Sector, 2021 & 2031F |
3.7 Panama Floriculture Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Panama Floriculture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Panama Floriculture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for exotic and tropical flowers in international markets. |
4.2.2 Growing awareness and preference for eco-friendly and sustainably sourced floral products. |
4.2.3 Favorable government initiatives and policies supporting the floriculture industry in Panama. |
4.3 Market Restraints |
4.3.1 Vulnerability to weather conditions and natural disasters affecting flower production. |
4.3.2 Fluctuating prices of inputs such as fertilizers, pesticides, and energy. |
4.3.3 Intense competition from other flower-producing countries. |
5 Panama Floriculture Market Trends |
6 Panama Floriculture Market Segmentations |
6.1 Panama Floriculture Market, By Flower Type |
6.1.1 Overview and Analysis |
6.1.2 Panama Floriculture Market Revenues & Volume, By Cut Flowers, 2021-2031F |
6.1.3 Panama Floriculture Market Revenues & Volume, By Loose Flowers, 2021-2031F |
6.2 Panama Floriculture Market, By Sector |
6.2.1 Overview and Analysis |
6.2.2 Panama Floriculture Market Revenues & Volume, By Retail, 2021-2031F |
6.2.3 Panama Floriculture Market Revenues & Volume, By Institutional, 2021-2031F |
6.3 Panama Floriculture Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Panama Floriculture Market Revenues & Volume, By Unorganised Retail, 2021-2031F |
6.3.3 Panama Floriculture Market Revenues & Volume, By Florists, 2021-2031F |
6.3.4 Panama Floriculture Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.3.5 Panama Floriculture Market Revenues & Volume, By Online, 2021-2031F |
6.3.6 Panama Floriculture Market Revenues & Volume, By Others, 2021-2031F |
6.4 Panama Floriculture Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Panama Floriculture Market Revenues & Volume, By Aesthetic and Decorative Purposes, 2021-2031F |
6.4.3 Panama Floriculture Market Revenues & Volume, By Flavours and Fragrances, 2021-2031F |
6.4.4 Panama Floriculture Market Revenues & Volume, By Natural Colours, 2021-2031F |
6.4.5 Panama Floriculture Market Revenues & Volume, By Medicines, 2021-2031F |
6.4.6 Panama Floriculture Market Revenues & Volume, By Others, 2021-2031F |
7 Panama Floriculture Market Import-Export Trade Statistics |
7.1 Panama Floriculture Market Export to Major Countries |
7.2 Panama Floriculture Market Imports from Major Countries |
8 Panama Floriculture Market Key Performance Indicators |
8.1 Percentage of certified sustainable flower farms in Panama. |
8.2 Average yield per hectare of flower cultivation in Panama. |
8.3 Percentage of export revenue from floriculture compared to total agricultural exports in Panama. |
9 Panama Floriculture Market - Opportunity Assessment |
9.1 Panama Floriculture Market Opportunity Assessment, By Flower Type, 2021 & 2031F |
9.2 Panama Floriculture Market Opportunity Assessment, By Sector, 2021 & 2031F |
9.3 Panama Floriculture Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Panama Floriculture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Panama Floriculture Market - Competitive Landscape |
10.1 Panama Floriculture Market Revenue Share, By Companies, 2024 |
10.2 Panama Floriculture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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