Guatemala: Demand for industrial products drop

The level of consumption in the sector has fallen between 15 and 25%, as a result of the decrease in exports and a smaller local demand.

Friday, February 6, 2009

Elperiodico.com.gt reports: "The most affected industries are food and beverages, maquila, plastics, and construction, including some materials used by that sector, added Ernesto Morales, president of the Federation of Small and Medium Business (Fepyme). He agrees that the impact on sales has been a 20% drop. Sales have not been the same since December as they were in previous years," he explained."



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In 2016 the GDP of the industrial sector shrank by almost 3%, affected by a 12% drop in sugar production and 11% in beverage production.

In the last two years, the contribution of the industrial sector to the economy has shrunk by $80 million, according to estimates made by entrepreneurs who are members of the Union of Industrialists of Panama. In 2016 alone the sector's GDP fell by 2.8%, and this year the outlook is not very encouraging.

The Potential of Nicaragua's Industrial Sector

September 2016

The union has projected growth of 4.4% in 2017 and is counting on attract more foreign investors to partner up with local entrepreneurs to promote the development of industrial activity.

More foreign investment, better use of chains that already exist, such as in the food industry, and reducing the cost of energy are elements that will enhance the development of the Nicaraguan industrial sector, which expects to close 2016 with growth of 3.8%.

Costa Rica 2014: Industrial Exports Down 4%

January 2015

Foreign sales of electronics and the electrical sector fell by 19%, 3.6% in the food industry, 2.4% in the chemical and pharmaceutical industry, 9.2% in textiles, 7% in paper and cardboard, and 1.8% in rubber.

At the end of 2014 exports from the industrial sector amounted to $8.389 million representing $382 million less than in 2013, when revenues were $8.771 billion.

Salvadoran Industries Report Lower Sales

February 2009

Up to and including November, 2008, industry sales fell 36.1% due to lower demand for products.

Jorge Arriaza, executive director of the Salvadoran Association of Industrialists (ASI by its initials in Spanish), told Laprensagrafica.com: "This is shaping up as a difficult year for the sector.

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