Central America: Corn Purchases Up 20%

From January to June 2020, the region's companies bought corn abroad for $525 million, 20% more than reported for the same period in 2019, a variation that is explained by the increase in imports from all Central American markets.

Thursday, December 10, 2020

Import of corn in Central America Al September 30th, 2021  

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Central American Companies Purchase More
Between the first six months of 2019 and the same period in 2020, the total value of corn imports into Central America increased by 20%, from $437 million to $525 million.

As for the volume imported, it also reported an increase, in this case from 2.01 million tons to 2.47 million tons.

Price of Imports
In recent years the price has shown a downward trend, with a 40% decrease for the period October 2012 to June 2020, falling from $0.35 per kilo to $0.21 per kilo.

Imports by Country
From January to June of the year, the main buyer according to the value of corn imported into Central America continued to be Guatemala with $159 million, followed by Costa Rica with $101 million, Honduras with $89 million, El Salvador with $85 million, Panama with $47 million and Nicaragua with $44 million.

All countries registered year-on-year increases in their purchases. In Nicaragua imports increased 68%, in El Salvador 37%, in Panama 20%, in Costa Rica 17%, in Guatemala 15% and in El Salvador 3%.

USA, Main Corn Supplier
During the first half of 2020, 90% of foreign purchases made by Central American companies were made from the USA, 7% from Mexico, 1% from Brazil and 1% from Thailand.

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

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