Electric Generators: How did the Market Perform in 2020?

During last year, imports of electric generators increased year-on-year in Nicaragua and Guatemala, and decreased in Costa Rica, Panama, Honduras and El Salvador.

Friday, June 4, 2021

Import of electric motors and generators in Central America Al December 31st, 2020  

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Central American Companies Buy Less
Between 2019 and 2020 the total imported value of electric motors and generators in Central America registered a 34% decrease by dropping from $162 million to $107 million.

Two of the six countries recorded year-on-year increases in their purchases. Imports increased 77% in Nicaragua and 9% in Guatemala.

In the other countries, imports declined. In Costa Rica they fell 10%, in Panama 48%, in Honduras 53% and in El Salvador 53%.

Guatemala, Main importer
During 2020, the main buyer of electric motors and generators in Central America was Guatemala, with $28 million, followed by El Salvador, with $27 million, Costa Rica, with $18 million, Honduras, with $15 million, Panama, with $12 million and Nicaragua, with $7 million.

USA, the Most Important Supplier
Last year, 29% of the value imported from Central America came from the USA, 19% from China, 13% from Spain, 6% from Mexico, 5% from Brazil, 5% from Germany, 4% from Italy and 2% from Taiwan.

China is the country of origin of Central American imports that has grown the most in recent years, since in 2012 it represented 3% of the total value purchased and in 2020 it reached 19%.

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More on this topic

Electric Generators: How Markets Are Behaving?

March 2021

During the first nine months of 2020, imports of electric generators increased year-on-year in Nicaragua and Guatemala, and decreased in Costa Rica, Panama, Honduras and El Salvador.

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

Electrical Generators: Regional Imports Fall 40%

September 2020

In the first three months of 2020, Central American companies bought electric motors and generators abroad for $29 million, 39% less than what was reported for the same period in 2019.

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

Electrical Generators: Market Study

April 2020

In the first nine months of 2019, the region's companies bought electric motors and generators abroad for $127 million, 35% less than what was reported for the same period in 2018.

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

Central America Buys More Electric Generators

May 2018

In 2017, purchases of electric motors and generators from Central American countries totaled $152 million, which represents an increase of 3% compared to the previous year.

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

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