Nicaragua: More Construction, More Hardware Stores

The union of hardware stores reported a 12% increase in sales in 2016, in a sector where competition is growing with the arrival of foreign franchises and the opening of new branches.

Monday, February 13, 2017

After a very successful 2015, the hardware sector had projected sales growth of 20% in 2016, however, a slowdown in the construction of buildings suffered from midyear prevented the goal from being reached. Despite this, an overall increase of 12% was achieved due mostly to "...  maintenance in businesses and homes, agreed the sources."

"... Added to the effect of the slowdown in construction, was an increase in the prices of construction materials."  Reynaldo Perez, second chairperson of the  Association of Hardware Dealers in Nicaragua (Afenic) and general manager of Tubal S.A., told Laprensa.com.ni that "..."This year less material was imported because there was a fluctuation in prices of products that depend on commodities, importers only purchased what was necessary because they didn't know if they were buying at expensive prices and tomorrow the price would go down again'."

"... The opening of several branches and entry of international franchises into the hardware sector represents significant competition for traditional hardware stores. In the view of Edgar Lugo, president of Afenic, this has not affected traditional hardware stores because "... he states that they are different segments from those that large hardware stores target."

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Hardware Stores Report Sharp Drop in Sales

July 2018

The iron and steel sector of Nicaragua has recorded a reduction of at least 50% in sales from the last two months, a situation that has forced them to reduce imports.

Entrepreneurs in the sector reported that as a result of the political crisis that has affected the country since April 18, in May and June they have seen a considerable drop in their sales, which has resulted in the interruption of their purchases abroad.

Dominican Republic: Hardware Store Sales Down

February 2018

The union of hardware stores states that due to a rise in the prices of construction materials in general, sales have gone down by 25%.

Arcenio García, president of the Association of Hardware Stores, detailed the increases of the prices of materials such as rods and cement, adding that the increases "...

Nicaragua: Hardware and Construction Trade Fair

March 2016

From 8 to April 10, suppliers of building materials and hardware will be meeting in Managua to participate in conferences and develop business partnerships.

The Association of Hardware businesses in Nicaragua (Afenic) through its president Edgard Lugo is convening Expo Ferretera 2016, to be held in Managua on the 8th, 9th and 10th of April and will feature about 85 exhibitors.

Nicaragua: Hardware Stores Growing

November 2015

The dynamism of the construction sector is driving growth in the hardware sector which consists of about 1,000 companies that generate annual sales of between $300 and $350 million.

The strong and sustained growth of the construction sector in recent years has been the engine of the hardware store business in the country, major suppliers of materials and equipment to construction companies.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


RAH Realty

International Real Estate Franchise that assists clients to sell, buy or rent houses, condominiums, commercial space, offices, lots and warehouses in Costa Rica.
Operates in Costa Rica
Phone: (506) 2582 0240

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 15)
Brent Crude Oil
55.13
Coffee "C"
129.8
Gold
1,828
Silver
24.745