Infant milk formula and yogurt are the derivatives which recorded the highest increases in demand between September 2015 and August 2016, compared to the same period last year.
The figures presented in the National Dairy Congress in Costa Rica, held in October, indicate that demand for dairy products grew at a rate of 6.5% last year, driven by increased demand for products such as yogurt in its different presentations, milk formula and cheese, among things.
The number of convenience stores in the country is growing in response to increased purchasing power and a gradual change in consumption patterns.
The number of supermarkets operating in the country increased from 130 in 2012 to 155 this year, says Laprensa.com.ni. As purchasing power increases and consumers get more "sophisticated" so is there a growth in Nicaraguans shopping in these types of establishments rather than the traditional "grocery stores".
Reports show that in the last five years consumption has grown by 150%, going from 3.6 million liters consumed in 2010 to 10 million in 2015.
Brands such as Monster, Jet, Battery and Red Bull are some of the energy drinks sold in Costa Rica, where, as in other countries, the consumption of these drinks has been growing steadily in recent years.
Consumption by private companies and households went up by 4.6% in the first half of the year, exceeding the average growth rate of 2% of its main trading partners.
An example of the pace at which private consumption has been growing in the country is the relevance it has taken on in the bank's loan portfolios. Deputy general manager of Banco Nacional de Costa Rica, Bernardo Alfaro, explained that"... These kinds of operations rose from 28% of total credit seven years ago to 32% today."
Despite latent risks in the fiscal area, the Central Bank estimates growth of 2.4% for GDP, helped by an increase in consumption and low inflation.
Authorities at the Central Reserve Bank of El Salvador warned that the growth forecast could be affected by possible increases in interest rates or in international oil prices.Political polarization and the delicate fiscal situation also constitute threats to the expected growth.
In April 2016 the balance of the credit card debt was $1.688 billion, 15% more than in the same period in 2015.
From a statement issued by the Ministry of Economy, Trade and Industry:
The study with a cut off date of April 30 determined that the balance of debt is 908.149 million colones ($1.688 billion) (3.02% of GDP), which represents an increase of 1.27% compared to the previous study (January), while the yoy increase was 15.4%.
Despite growing by 3.39% year on year in April, ending the downward trend seen in the growth rate, the commercial sector reported a weakening of sales.
A report by the Bank of Guatemala notes that"...up to April 2016 economic activity, measured by estimating the IMAE, increased by 3.4% (3.0% in April 2015).This result was driven by the positive performance seen mainly in the following economic activities: Manufacturing Industries; Wholesale and Retail sales; Financial, intermediation, insurance and auxiliary activities; private services; Transport, storage and communications; and supply of electricity and water collection. "
The import of goods for home use grew by 18% in November 2015, thanks to factors such as the drop in fuel prices and the increase in remittances.
The value of household articles also recorded double-digit growth (10.9%), going from $143.7 million purchased between January 1 and November 30, 2014, to $159.3 million in the same period in 2015, according to the Central Bank of Nicaragua (BCN). The volume measured in tons increased in the reference period by 17.9%.
Local producers estimate 5% growth in pork production between 2013 and 2014, and expect a similar result for the closing of 2015.
In the case of sales, the pork industry attributed the increase of $ in 2014 and this year to an increase in the price of beef. Additionally, the increase in the number of outlets is another factor that explains part of the growth, according comments made by Antonio said Sujo, general manager of the slaughterhouse Cacique in an article on Elnuevodiario.com.ni. "Sujo said there has also been a growth in formal channels such as supermarkets like Walmart of Mexico and Central America, La Colonia and Price Smart."
Fast food consumption has been reported to be worth more than $2.3 billion a year, and is the preferred choice for 7 out of 10 Guatemalans.
One factor that explains the preference for fast food restaurants in Guatemala is the price, which tends to be lower in these outlets than in traditional restaurants. A survey by Millward Brown said that "... 19% prefer casual restaurants, 7% gourmet restaurants. and the rest is divided between food stalls, (27%), food carts (17%), sales on the street (12%) and other options (17%). "
A decline in foreign trade has been offset by the 4.33% increase in domestic consumption resulting in a GDP growth of 2.68% in the first quarter.
Consumption by the Government and families have seen the same upward trend since 2013, a situation that compensates for the decline in private investment in the last quarter, which is maintaining a downward trend, extending a decline that has already been going on for six quarters.
In 2014 production of 538 million eggs was recorded, an increase of 57% compared with 2005, when there were 342 million.
The annual per capita consumption rose from 102 units in 2005 to 137 in 2014, equivalent to an increase of 34% over the last decade. Marketing experts and poultry farmers attributed the growth in egg consumption mainly to a trend in replacing beef with the poultry products.
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