In 2015 foreign sales of drinks produced in the country have recovered from the fall seen in 2014, standing at $168 million.
An article on Elsalvador.com reports that "...Sodas and carbonated drinks are the main export product in the sector. The latest annual growth was 37.6%, equivalent to an additional $36.8 million, according to the latest industry ranking made by the Salvadoran Association of Industrialists (ASI). "
The Costa Rican company increased its sales by 2% compared to 2014, thanks to the dynamism of flavored alcoholic beverages in the US, foods in Guatemala, and beers, wines and spirits in Costa Rica.
Flavored alcoholic beverages, especially in America, and increased profitability in beer, wine and distilled drinks in Costa Rica and food in Guatemala, boosted Costa Rica Florida Ice & Farm's operating income in 2015, reaching $179 million, 13% more than in the previous fiscal year.
In the last two years Guatemala has doubled its exports of biscuits, sweets, chewing gum, confectionery, and preparations for soup and drinks going to the Dominican Republic, Cuba, Jamaica and Trinidad and Tobago.
In the first half of this year sales by the food industry to Caribbean countries topped $20 billion, $13 billion more than in the same period in 2013.
Sugary soda sales continue to exceed those of low sugar content, but in the last five years the consumption of the latter group has grown more than the first.
By volume and value sales of sugary carbonated drinks continue to dominate the Costa Rican market, both at the retail and wholesale level. In 2014, 191.3 million liters were distributed, generating $574.3 million in revenue.
With an investment of $25 million, the company Bemix is venturing into the areas of packaging and distribution of drinks, mainly in the segment of teas, soft drinks, juices and bottled water.
The new plant belonging to the company Bebidas Mixtas de Centroamérica (Bemix), member of Grupo Mix, will begin operations on May 14 with six brands which have already been registered. The complex has the capacity to "... fill into plastic, glass and tin, in different sizes and presentations," in addition to blowing plastic and labeling.
In the last ten years the consumption of natural nectars and juice drinks went up 60%, though carbonated soft drinks still dominate the market.
Reports indicate that the distribution of beverages in 2014 increased by 43% over the past 10 years, with soft drinks having grown the most, reporting an increase of 99% and soft drinks 35% in the period in question, according to the Superintendency of Tax Administration (SAT).
In order to finance the pension increases a new law will increases taxes on gambling and winnings from those games, and on non-metallic mining, and drinks and products derived from tobacco.
From a statement issued by the National Assembly:
The full National Assembly approved on its third reading, Bill 197, which establishes the legal framework to strengthen, preserve and sustain the finances of the Fund for Disability, Old Age and Death of the Social Security Department (CSS), allowing for pension increases.
Starting in March the Ministry of Finance in Costa Rica will charge sales tax on soft drinks at the distribution stage and not in the final bill to consumers.
In an appeal to the facility to define at what point in the marketing chain sales tax is levied, the General Department of Taxation has announced that starting from March, sales tax paid on soda drinks will be charged on the distribution of product.
In an attempt to increase tax revenues, the executive announced that it is now considering taxing the distribution of soft drinks such as juices, isotonics and sodas.
It is expected that in the first week of February analysis will be presented of modifications to the tax on the distribution of beverages and on tobacco and tobacco products, with the aim of obtaining more resources to finance the national budget for this year.
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