Agrochemicals: New Competitor in Panama

Guatemalan Foragro, manufacturer of insecticides, fungicides and herbicides, opened a branch in Panama and aims in the short term to position 50 products in the local market.

Monday, April 22, 2019

The company reported that for the opening of its branch in the Panamanian market invested $300,000 and that this would have a presence in all Central American countries, as they already operate in El Salvador, Honduras, Nicaragua and Costa Rica.

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Hugo Nufio, general manager of Foragro, explained to Prensalibre.com that "... Panama was the only market that had yet to be covered in the region, in order to make the leap to other markets outside it."

Nufio added that "... Panama has an agricultural vocation in the production of rice and bananas and that is the market we seek to work. Much of the agricultural production is to serve the domestic market and another part is destined for the tourism sector and the service sector."

CentralAmericaData reports state that from January to June 2018 the main buyer of insecticides, herbicides and fungicides in Central America was Guatemala with $86 million, followed by Costa Rica with $74 million, Nicaragua with $50 million, Honduras with $49 million, Panama with $47 million and El Salvador with $37 million.

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Agrochemicals: Businesses with Mexico up 12%

November 2019

During the first three months of 2019, companies in Central American countries imported insecticides, herbicides and fungicides for $132 million, and purchases from Mexican companies grew 12% over the same period in 2018.

Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]

Agrochemicals: Fewer Purchases in 2018

August 2019

During 2018, companies in Central American countries imported insecticides, herbicides and fungicides for $671 million, 3% less than they bought in 2017.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Agrochemicals: Market figures up to June 2018

November 2018

From January to June of this year, countries in the region imported insecticides, herbicides and fungicides for $343 million, 2% more than in the same period in 2017.

Figures from the information system of the Central American Insecticide, Herbicide and Fungicide Market, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Agrochemicals in Central America: Purchases Up 3%

May 2018

In 2017, the total import value of insecticides, herbicides and fungicides in Central American countries totaled $689 million, registering a 3% increase with respect to 2016.

Figures from the information system on the Market for Insecticides, Herbicides and Fungicides in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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