Fertilizers in Honduras: Purchases Recover in 2017

After four years of registering reductions in purchases of fertilizer from abroad, in 2017 the country imported $146 million worth, 20% more than was reported in 2016.

Tuesday, July 17, 2018

Import of fertilizers in Honduras Al December 31st, 2017  

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Figures from the information system on the Central American Fertilizer Market, compiled by the Business Intelligence Unit at CentralAmericaData: Click to interact with the graphClick to interact with the graph

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Variation of imports 
Between 2016 and 2017 the total value of imported fertilizers in Honduras grew by 20%, rising from $122 million to $146 million. This increase represents a change in the trend in imports recorded in the four years from 2013 to 2016, since in that period an average annual decrease of 11% was reported. 

The growth in 2017 is mainly explained by the lots of fertilizers that were imported from Finland and Latvia, origin markets from which purchases were made totalling $21 million and $27 million respectively.

Origin of imports 
In 2017, 22% of the value imported from Honduras came from the USA, 19% from Latvia, 16% from Russia, 15% from Finland and 6% from El Salvador.

In the last three years the USA has been the market of origin of imports which lost the biggest share, as in 2015 it represented 40% of the purchases made by Honduras and in 2017 that proportion fell to 22%.

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

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Figures from the information system on the Central American Fertilizer Market, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]

Central America: Fertilizer Imports Up 25%

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In 2017, purchases from Central American countries totaled $759 million, 25% more than the previous year's imports, in contrast to the fall reported between 2015 and 2016.

Figures from the information system on the Central American Fertilizer Market, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]

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Due to atypical purchases made from Finland and Latvia during the first half of 2017, fertilizers imports totaled $93 million, 46% more than in the same period in 2016.

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

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