Electrical Generators: Market Study

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.

Wednesday, April 15, 2020

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

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Central American Companies Purchase More
Between the first nine months of 2018 and the same period in 2019, the total value of electric motors and generators imported into Central America registered a 35% decrease, falling from $195 million to $127 million.

Two of the six countries recorded year-on-year increases in purchases. In Honduras, imports increased 145%, while in Panama the increase was 28%.

Costa Rica and Guatemala registered negative variations, which amounted to -15% and -40%, respectively. In the case of Nicaragua, the contraction in imports was 56% and in El Salvador it was 62%.

El Salvador, Main Importer
From January to September 2019 the main buyer of electric motors and generators in Central America was El Salvador, with $43 million, followed by Honduras, with $26 million, Panama, with $20 million, Guatemala, with $19 million, Costa Rica, with $16 million, and Nicaragua, with $3 million.

Top Suppliers
As of September 2019, 25% of the value imported from Central America came from Spain, 19% from the USA, 13% from China, 13% from France, 10% from Germany, 4% from Mexico and 3% from Brazil.

Spain is the country of origin of Central American imports that has grown the most for the period in question in the last eight years, since in 2012 it represented 11% of the total value purchased and in 2019 it reached 25%.

In the current context of the health crisis, according to forecasts by CentralAmericaData, if quarantine and mobility restriction measures are extended by two months, it is predicted that by the end of the year the annualized demand for repair and maintenance services for machinery and industrial equipment in Central America will have fallen by 5%.

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More on this topic

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"]

Electric Generators: More Purchases in El Salvador and Panama

December 2019

In the first half of 2019, purchases of electric motors and generators in the region totaled $84 million, and imports made by companies in El Salvador and Panama grew 80% and 35%, respectively.

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

Electric Generators: Purchases up 80%

April 2019

From January to September 2018, imports of electric motors and generators totaled $195 million, 80% more than in the same period in 2017, because of purchases from El Salvador from Spanish companies.

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

Electric Generators: Business in the Region

February 2019

In the first six months of 2018, purchases of electric motors and generators in the region totaled $74 million, of which 51% was imported by companies in El Salvador and Guatemala.

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

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