Air Conditioning: Honduras, the Fastest-Growing Market

From January to September 2019, companies in the region bought air conditioning equipment abroad for $138 million, and imports by Honduran companies increased 22% compared to the same period in 2018.

Wednesday, February 19, 2020

Air Conditioning Machines Imports in Central America Al June 30th, 2020  

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Imports by Country
During the first nine months of last year, the main buyer of air conditioning equipment in Central America was Panama with $45 million, followed by Costa Rica with $29 million, Honduras with $27 million, Guatemala with $18 million, El Salvador with $12 million and Nicaragua with $7 million.

In the case of the year-on-year variation in purchases, for the period in question Honduras and Guatemala each recorded increases of 22%, and in the case of Costa Rica the increase was 11%. Panama reported a drop of 4%, El Salvador a drop of 18% and Nicaragua a drop of 41%.

Variation in Regional Imports
Between January and September 2018 and the same period in 2019, the value imported recorded a slight increase of 0.6%, from $137.4 million to $138.1 million.

For the periods in question, purchases from China increased from $51.3 million to $55.7 million.

Origin of Imports
During the first nine months of 2019, 40% of the value imported from Central America came from China, 28% from the USA, 4% from Mexico and 3% from South Korea.

China is the country of origin of Central American imports that has grown the most for the period under analysis in the last eight years, since in 2012 it represented 23% of the total value purchased and in 2019 it rose to 40%.

Note:

This analysis was carried out considering air conditioning machines and apparatus suitable for modifying temperatures and humidity that can be adjusted to walls, windows, floors or ceilings, vehicles, and the respective parts of the equipment.

Note: For this report, prepared by CentralAmericaData, data from SIECA were used.

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More on this topic

Air Conditioning Equipment: Imports Fall 15%

December 2020

From January to June 2020, companies in the region bought air conditioning equipment abroad for $78 million, 15% less than in the same period in 2019, a decrease that can be explained by the behavior of purchases in Panama, Guatemala and Honduras.

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

Panama and Honduras, Main Importers

August 2020

During the first three months of last year the main buyers of air conditioning equipment in Central America were Panama and Honduras, with $22 million each, followed by Costa Rica, with $21 million, Guatemala, with $11 million, El Salvador, with $10 million and Nicaragua, with $5 million.

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

Air Conditioning: Market Figures up to March 2018

August 2018

In the first quarter of the year imports of air conditioning equipment in Costa Rica totaled $10 million, and 78% was imported from China and the US.

Figures from the information system on the Air Conditioning Machines Market in Costa Rica, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"]

More Air Conditioning Equipment from China

March 2018

From January to September 2017, companies in Panama imported $52 million worth of air conditioning equipment, and imports from China grew by 52%.

Figures from the information system on the Market for Air Conditioning Machines in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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