Panama: Whiskey Market and the Impact of COVID-19 on It in the Medium Term
The whisky market in Panama was equal to 69.00 million USD (calculated in retail prices) in 2015. Until 2025, the whisky market in Panama is forecast to reach 71.31 million USD (in retail prices), thus increasing at a CAGR of 1.87% per annum for the period 2020-2025. This is an increase, compared to the decline of about -1.48% per year, registered in 2015-2019.
The average consumption per capita in value terms reached 17.72 USD per capita (in retail prices) in 2015. In the next five years, it declined at a CAGR of -3.17% per annum. In the medium term (by 2025), the indicator is forecast to increase at a CAGR of 0.18% per annum.
Among the leading trends in the whiskies category are the premiumization and the huge growth and expansion of the segment. As a result, the category is growing in a stable manner, resilient to negative conditions. Although price remains the key purchase criterion, the global whiskey market has witnessed a very strong trend of premiumization, supported by consumers’ immense openness to innovation and the increasing popularity of mixology. The desire for interesting premium products and drinks of a niche variety explains the rising trend among wealthier consumers. Premiumization can also be linked with the fact that consumers aim to cut down on their alcohol intake, which means they can afford to purchase spirits of higher quality.
There has been a robust consolidation on the whiskey market during the last few years, which was partially driven by the large number of new brands emerging on the market. Giant alcohol companies such as Beam Suntory, Brown-Forman, Diageo, and Pernod Ricard have been actively involved in most of the acquisition deals during the last few years, thus making their portfolios’ highly diversified with the presence of many specialty brands. Just some of the examples include the acquisition of bourbon manufacturers Smooth Ambler and Rabbit Hole Whiskey by Pernod Ricard in 2017 and 2019, the purchase of a minority stake in Westward Whiskey by Diageo through Distill Ventures in 2019 and Bacardi’s investment in The Teeling Whiskey Company in 2017.
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This report presents a strategic analysis of the Panamanian whiskey market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it. It provides a comprehensive overview of the market volume and value, dynamics, segmentation, characteristics, main players, prices, international trade, trends and insights, growth and demand drivers, challenges, etc. This is one of the most comprehensive reports about the Panamanian whiskey market, offering unmatched value, accuracy and expert insights.
The purpose of the report is to describe the state of the Panamanian whiskey market and to present real and expert-verified information about the volumes, values, dynamics, segmentation and characteristics of consumption, prices, imports, and exports. The report also presents a forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. In addition, the report presents an elaborate analysis of the main market participants, industry trends and insights, growth and demand drivers and challenges and all other factors, influencing the market development.
Questions This Report Answers
The report on the Panamanian whiskey market covers:
• Market volume, value and dynamics for the last five years;
• Analysis of the factors, influencing the market development (market trends and insights, drivers and challenges) and the impact COVID-19 has and will have on the market in both the short and the medium term;
• Value chain analysis and structure of price formation;
• Analysis of retail price levels and their dynamics for the last five years;
• Analysis of the major international trade flows;
• Volume, value, dynamics, and analysis of imports for the last five years;
• Volume, value, dynamics, and analysis of exports for the last five years;
• Volume and dynamics of the average import and export prices for the last five years;
• Volume, value, dynamics, and analysis of per capita consumption for the last five years;
• Forecast for market development in the medium term;
• Characteristics of the main players on the market;
• Analysis of the competitive landscape;
• Importance of the HoReCa channel (on-trade vs. off-trade consumption);
• Market shares of the main market players;
• Distribution channels for retail sales;
• Five Forces analysis;
• Analysis and forecast for the global economy and demographics.
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With the help of this report you can:
• Discover reliable and expert-verified market data, with which you can confidently make smarter business decisions and drive your business forward;
• Track market data, including volume, value, forecasts, dynamics and structure – past, present and future;
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• Track and identify key market trends and insights and key drivers behind recent market changes and see the impact COVID-19 has and will have on the market in both the short and the medium term;
• Strategically assess growth potential, opportunities, demand drivers and challenges on the market;
• Strategically assess the importance of the HoReCa channel on the market;
• Discover the importance of each distribution channel for the retail market;
• Build and execute upon a strong strategy based on verified market data and expert insights;
• Discover how the market performed in the past (in the last 3 years) and how it will perform in the future (in the next 6 years);
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• Evaluate the key macroeconomic indicators to get insight into the general trends within the economy and demographics.
What Kind of Data Is Presented in This Report?
This report presents data, which is:
• Reliable (the report is prepared using a proven methodology, including both primary and secondary research);
• Expert-verified (the data is cross-checked and confirmed by more than 10 local experts, representatives of the main market players);
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This report presents reliable and real market data, providing valuable support to make important strategic decisions regarding:
• Strategic planning;
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• Market and industry evaluation;
• Evaluation of market opportunities, risks and challenges;
• Regional and country evaluation and opportunity analysis;
• Market entry;
• Market growth;
• Pricing and promotion;
• New product development;
• Sourcing and supply chain management;
• Company evaluation;
• Mergers and acquisitions.
Who Is This Report for?
This report is for people who already are actively working on this market, representatives of producers, distributors, importers, exporters, wholesalers, retailers, suppliers:
• Industry C Level executives;
• Industry strategists;
• Marketing professionals;
• Business development professionals;
• Product developers;
• Product marketers and strategists;
• Product managers;
• Project managers;
This report is also for people, not directly or actively involved in the market, representatives of investors, consultants, advisors and financial institutions:
• Management consultants;
• Investment managers;
• Financial professionals;
• Bank managers;
• M&A managers.
This research report has been prepared using the proven WMStrategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. For this particular report, more than 10 market expert interviews have been conducted with experts from the leading market companies (producers, distributors, retailers, suppliers, etc.). The full list of interviewed experts and a detailed methodology are available upon request.
This report covers the following product groups:
• Whiskey (excluding ready-to-drink cocktails, containing whiskey).
This is the most valuable, detailed (COVID-19 updated) and comprehensive report about the Panamanian whiskey market currently available! We also offer similar reports, covering every global country and region separately and offer special terms for bundle purchases. So, if you are interested in the Panamanian whiskey market, this research report will provide you with reliable, expert-verified and real market data you can safely and confidently base your decisions on. In a quick and hassle-free way, it will provide you with a strategic analysis of the market, its recent and future development. In addition, this solution will save you time and money while presenting you all the necessary information, empowering you to make informed commercial decisions and move your business forward!
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