Central America Purchases Less Steel Sheet

During the first quarter of 2020, imports of iron and steel sheets in the countries of the region totaled $208 million, 7% less than what was reported for the same period in 2019, a fall that is explained by the decrease in purchases in Honduras, El Salvador and Costa Rica.

Wednesday, October 7, 2020

Import of iron and steel sheets in Central America Al March 31st, 2020  

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Regional Business Downwards
Between the first quarter of 2019 and the same period in 2020, the value imported into the region decreased by 7%, from $224 million to $208 million.

According to the behavior of imports in general, for the periods in question, purchases from companies in China decreased from $124 million to $98 million.

Honduras, Main Importer
In the first three months of 2020 the main buyer of iron and steel sheets in Central America was Honduras, with $60 million, followed by Guatemala, with $41 million, Costa Rica, with $39 million, El Salvador, with $32 million, Panama, with $21 million and Nicaragua, with $15 million.

From January to March, purchases by Panamanian and Guatemalan companies increased 22% and 3%, respectively, year-on-year. Imports into Honduras and Nicaragua decreased by 4% and 5%, respectively.

Salvadoran and Costa Rican purchases were the ones that decreased the most for the quarter in question, falling by 18% and 20%, in that order.

Origin of Imports
From January to March of this year, 47% of the value purchased by Central America came from China, 20% from Japan, 6% from South Korea, 5% from Mexico and 2% from India.

China is the market of origin of imports that has grown the most for the months in question over the last nine years, since in 2012 it represented 19% of total purchases and in 2019 it grew to 47%.

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

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Steel Sheets: Purchases Decrease 7%

October 2019

During the first quarter of 2019, imports of iron and steel sheets in the countries of the region totaled $224 million, 7% less than reported in the same period of 2018.

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

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In the first quarter of the year, purchases of iron and steel sheets in countries in the region totaled $270 million, 23% more than the amount imported in the same period in 2017.

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

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In the first quarter of the year, companies in Honduras imported $36 million worth of iron and steel sheets from China, 36% more than in the same period in 2017.

Figures from the information system on the Iron and Steel Sheet Market in Honduras, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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