Electrical Cable Market: $120 Million in Business

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.

Monday, September 28, 2020

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

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Regional Business Downwards
In the first quarter of 2020, Central American imports of electrical cables registered a 10% drop with respect to the same period of the previous year, as a result of going from $133 million to $120 million.

In contrast to the general behavior of imports, the region's purchases from Chinese companies increased for the periods in question, going from $19 million to $22 million, which represents an increase of 13%.

Costa Rican Companies, Main Buyers
In the first three months of the year the main importer of wire, cable and other conductors for electricity in Central America was Costa Rica, with $41 million, followed by Guatemala, with $28 million, Panama, with $15 million, Honduras, with $14 million, El Salvador, with $12 million and Nicaragua, with $11 million.

Regarding the year-on-year variation by market, for the period in question Nicaragua reported a 40% increase, followed by El Salvador with 30% and Guatemala with 14%.

Costa Rica, Honduras and Panama were the markets in the region that registered negative variations, which amounted to -1%, -29% and -53%, in that order.

Origin of Imports
From January to March, 24% of the value imported from Central America came from the United States, 22% from Mexico, 18% from China, 5% from the Panama Free Zone, 3% from Taiwan, 2% from Hong Kong and 2% from Spain.

For the quarter in question of the last eight years China is the market of origin of the imports that has grown the most, since in 2012 it represented 9% of the total value purchased by the region and in 2020 this proportion rose to 18%.

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

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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"]

Electric Cables: Central American Imports

August 2018

In the first quarter of the year, countries in the region imported $169 million worth of electrical wires and cables, and 48% were purchased by companies in Nicaragua and Costa Rica.

Figures from the information system on the Market for Wires, Cables and Other Electricity Conductors in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

Guatemala Imports More Electric Cables from Mexico

July 2018

During the first quarter of the year, companies in Guatemala allocated $11 million to the purchase of electric cables in Mexico, 29% more than was reported in the same period in 2017.

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

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