Infant Formula: How is the Regional Market Performing?

During 2020, Central American imports of infant formula for infant feeding packaged for retail sale totaled $134 million, an amount that is 9% lower than the amount reported in 2019.

Wednesday, June 2, 2021

Importation of infant formula in Central America Al December 31st, 2020  

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Figures from the Trade Intelligence Unit of CentralAmericaData: Click to interact with the graphClick to interact with the graph

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Change in Regional Business
Between 2019 and 2020, the imported volume of infant formula registered a 4% rise, increasing from 28 thousand tons to 29 thousand tons.

In contrast to the volume traded, for the periods in question, the value of imports fell by 9%, from $147 million to $134 million.

Panama, Main Buyer
In 2020, the main importer of infant formula in Central America was Panama with $33 million, followed by Nicaragua with $31 million, Guatemala with $28 million, El Salvador with $21 million, Costa Rica with $11 million and Honduras with $10 million.

Regarding the year-on-year variation of purchases, El Salvador was the only country that increased its imports in 2020, reporting a 7% variation.

Guatemala reduced its purchases by 6%, Panama by 8%, Nicaragua by 10%, Costa Rica by 21% and Honduras by 23%.

Mexico, Main Supplier to the Region
Last year, 54% of the value imported from Central America came from Mexico, 10% from Chile, 8% from Ireland, 7% from the Panama Free Trade Zone, 5% from Denmark, 4% from the Netherlands, 3% from Poland and 1% from Spain.

Mexico is the market of origin of imports that has grown the most in recent years, as in 2017 it represented 38% of total purchases and in 2020 that proportion rose to 54%.

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More on this topic

Breastfeeding Formula: Business Figures with Mexico

November 2020

From January to July 2020, companies in the countries of the region imported from Mexico infant and toddler formulas for $57 million, and 50% was purchased by companies in Honduras and Nicaragua.

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

Dairy: Regional Trade Increases at the Beginning of 2019

August 2019

From January to March of this year, trade in milk and dairy products between the countries of the region totaled $78 million, 2% more than in the same period in 2018.

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

Dairy Trade Figures in Central America

August 2018

In the first quarter of the year, trade in milk and dairy products among Central American countries totaled $77 million, and 73% was purchased by companies in El Salvador and Guatemala.

Figures from the Information System on the Milk and Milk Products Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

Central America: Record Figures in Milk and Dairy Trade

May 2018

In 2017, trade in milk and dairy products among countries in the region amounted to $306 million, 2% more than what was sold in 2016, and the highest value in the last six years.

Figures from the Information System on the Milk and Milk Products Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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