Corn: Regional Purchases Up 10%

From January to September 2020, companies in the region bought corn abroad for $753 million, 10% more than what was reported in the same period of 2019, a variation that is explained by the rise in imports from Nicaragua, Guatemala, Honduras and Panama.

Monday, March 29, 2021

Import of corn in Central America Al December 31st, 2020  

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Central American Companies Buy More
Between the first nine months of 2019 and the same period of 2020, the total imported value of corn in Central America registered a 10% increase by rising from $685 million to $753 million.

As for the imported volume, it reported an increase as well, in this case from 3.25 million tons to 3.64 million tons.

Import prices
In recent years, the price shows a downward trend, with a 46% decrease for the period from October 2012 to September 2020, falling from $0.35 per kilogram to $0.19 per kilogram.

Imports by Country
From January to September last year, the main buyer by value of corn imports in Central America continued to be Guatemala with $245 million, followed by Costa Rica with $135 million, El Salvador with $120 million, Honduras with $118 million, Panama with $72 million and Nicaragua with $63 million.

For the period in question, imports increased 51% year-on-year in Nicaragua, 20% in Guatemala, 13% in Honduras and 7% in Panama. In the case of Costa Rica and El Salvador, foreign purchases decreased 5% in both cases.

USA, Main corn supplier
During the first nine months of 2020, 87% of foreign purchases by Central American companies were made from the USA, 7% from Mexico, 4% from Brazil, 1% from Argentina and 1% from Thailand.

For the months under analysis in recent years, purchases from Mexican companies have gained ground, as in 2012 they represented 2% of total regional imports and in 2020 that proportion rose to 7%.

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More on this topic

Corn: Purchases up 5% in 2020

June 2021

During 2020, companies in the region bought corn abroad for $998 million, 5% more than what was reported in 2019, a variation that is explained by the increase in imports from Nicaragua, Guatemala, Honduras, Panama and Costa Rica.

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

Central America: Corn Purchases Up 20%

December 2020

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.

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

Corn in Central America: $685 Million in Business

March 2020

From January to September 2019, companies in the region bought corn abroad for $685 million, 12% more than reported for the same period in 2018, a rise that is explained by the behavior of imports in Nicaragua, El Salvador and Guatemala.

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

Corn: Businesses in the Region Still Rising

December 2019

During the first half of the year, corn imports from companies in the region totaled $437 million, 15% more than reported from January to June 2018.

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

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