Central America: Tire Purchases Increase to 3%

From January to June 2019, companies from Central American countries imported new tires for $221 million, a figure 3% higher than that reported in the same period in 2018.

Wednesday, December 4, 2019

Neumatic Tire Market Imports in Central America Al March 31st, 2020  

CentralAmericaDataINFORMACIÓN DE MERCADOS

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Guatemalan Companies, Main Buyers
In the first half of the year, the main importer of new pneumatic tires in Central America was Guatemala, with $65 million, followed by Panama, with $46 million, Costa Rica, with $37 million, Honduras, with $29 million, El Salvador, with $23 million, and Nicaragua, with $22 million.

Regional Business: Slight Increase
Between the first semester of 2018 and the same period of 2019, the value imported into Central America had a positive variation, rising from $215 million to $221 million.

For the periods in question, imports from China also increased, in this case by 6%, rising from $107 million to $114 million.

Top Suppliers
From January to June 2019, 51% of the value imported into the region came from China, 6% from the USA, 5% from Japan, 4% from Brazil and 4% from Thailand.

China is the market of origin of imports that has grown the most for the months in question of the last eight years, since in 2012 represented 32% of total imports in the region and in 2019 that proportion rose to 51%.

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

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More on this topic

Auto Parts in Guatemala: $240 Million Purchases

February 2020

Between January and September 2019, imports of vehicle parts into the country totaled nearly $240 million, and 34% were purchased from companies in China and Japan.

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

Tires: Market Figures in Central America

September 2018

In the first three months of the year, Central American countries imported $105 million worth of new tires, and 64% was purchased by companies in Guatemala, Costa Rica and Panama.

Figures from the Information System on the Neumatic Tire Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

More Chinese Auto Parts in Panama

September 2018

In the first three months of the year imports of vehicle parts in the country totaled approximately $53 million, and purchases from China grew by 13% compared to the same period in 2017.

Figures from the information system on the Vehicle Parts and Accessories Market in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

Auto parts: Nicaraguan Market Up 8%

September 2018

In the first quarter of the year, the country reported nearly $20 million in purchases of vehicle parts, 8% more than in the same period in 2017.

Figures from the information system on the Vehicle Parts and Accessories Market in Nicaragua, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

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