Electric Cables: How are the Markets Performing?

During 2020, imports of electrical wires and cables in Nicaragua and Guatemala increased in year-on-year terms, and in the cases of Costa Rica, El Salvador, Honduras and Panama they decreased considerably.

Thursday, May 13, 2021

Import of electrical wires and cables to Central America Al December 31st, 2020  

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Regional Business Down
In 2020, Central American imports of electrical cables registered a 20% drop compared to the previous year, falling from $549 million to $437 million.

In contrast to the general behavior of imports, the region's purchases from Chinese companies increased for the periods in question, going from $72 million to $84 million, representing a 17% increase.

Costa Rican Companies, Main Buyers
In 2020, the main importer of wires, cables and other conductors for electricity in Central America was Costa Rica, with $134 million, followed by Guatemala, with $113 million, Honduras, with $60 million, Panama, with $51 million, El Salvador, with $40 million and Nicaragua, with $38 million.

Regarding the year-on-year variation by market, last year Nicaragua reported a 19% increase and Guatemala a 2% increase.

Costa Rica, El Salvador, Honduras and Panama were the markets in the region that recorded negative variations, amounting to -19%, -24%, -25% and -51%, in that order.

Main Suppliers to the Regional Market
Last year, 25% of the value of imports from Central America came from Mexico, 21% from the USA, 19% from China, 4% from the Panama Free Trade Zone, 2% from Hong Kong and 2% from Spain.

In recent years China is the market of origin of imports that has grown the most, since in 2012 it represented 10% of the total value purchased by the region and in 2020 that proportion rose to 19%.

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More on this topic

Electrical Cable Market: $120 Million in Business

September 2020

From January to March 2020, Central American companies imported $22 million in electrical cables and wires, and purchases from China increased by 13% compared to the same period in 2019.

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

Fiber Optic Cable: Business Figures in the Region

March 2020

Between January and September 2019, Central America invested $38 million in imports of fiber optic cable, 18% less than in the same period in 2018, with Nicaragua and Costa Rica being the markets that registered the most significant reductions.

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

Electrical Cables: Business with U.S. Up 23%

September 2019

From January to March 2019, Central American companies imported $133 million in electrical wires and cables, and purchases from the U.S. increased 23% over the same period in 2018.

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

Optical Fiber Cables: More Business in the Region

January 2019

From January to June 2018, companies in Central American countries imported fiber optic cables for $30 million, 32% more than in the same period in 2017.

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

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