Motorcycles: Market Figures

During the first two months of 2020, motorcycle imports into the markets of El Salvador and Panama contracted the most, with year-on-year falls of 38% and 36%, respectively.

Tuesday, June 9, 2020

Import of motorcycles in Central America Al February 29th, 2020  

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Guatemala, Main Importer
From January to February 2020, the main importer in the region continued to be Guatemala, with 44% of regional purchases, followed by Honduras and Costa Rica, which concentrated 27% and 12%, respectively.

The Salvadoran market accounted for 9% of total Central American motorcycle imports, while Nicaragua and Panama accounted for 7% and 2%, respectively.

Most Important Suppliers
In the first two months, the main markets supplying companies in Central America were China and India. However, Japan, Italy, Germany and Brazil also stand out as other countries that sold a considerable amount of motorcycles in the region.

Variations in imports
Nicaragua and Costa Rica were the only markets to report positive changes during the first two months of the year, recording year-on-year increases of 42% and 4%, respectively.

Guatemala and Honduras, on the other hand, registered falls of 8% and 10% from January to February 2020, when compared to purchases in the first two months of 2019. Panama and El Salvador were the markets that contracted most in their purchases from abroad for the period under review, since the year-on-year variations were -36% and -38%, in that order.

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