Steel Sheets: Regional Purchases Fall 13%

In the first half of 2020, Central American imports of iron and steel sheets totaled $387 million, 13% less than what was reported in the same period of 2019, a drop that is explained by the decline in purchases in all markets in the region.

Tuesday, January 26, 2021

Import of iron and steel sheets in Central America Al September 30th, 2020  

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Regional Business Going Down
Between the first half of 2019 and the same period of 2020, the value imported into the region decreased 13%, falling from $446 million to $387 million.

Along with the behavior of imports in general, for the periods in question, purchases from companies in China decreased from $253 million to $197 million.

Honduras, Main Importer
In the first six months of 2020, the main buyer of iron and steel sheets in Central America was Honduras, with $108 million, followed by Guatemala and Costa Rica, with $73 million each, El Salvador, with $59 million, Panama, with $41 million and Nicaragua, with $32 million.

From January to June, purchases by Nicaraguan and Guatemalan companies decreased by 4% and 6%, respectively. Honduran imports fell by 11%, Costa Rican imports by 16%, Panamanian imports by 19% and Salvadoran imports by 20%.

Origin of Imports
From January to June 2020, 51% of the value purchased by Central America came from China, 19% from Japan, 5% from South Korea, 4% from Mexico and 2% from India.

China is the market of origin of imports that has grown the most for the months in question in recent years, since in 2012 it represented 18% of total purchases and in 2020 it grew to 51%.

Note: For this report, prepared by CentralAmericaData, SIECA data were used.

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Central America Purchases Less Steel Sheet

October 2020

During the first quarter of 2020, imports of iron and steel sheets in the countries of the region totaled $208 million, 7% less than what was reported for the same period in 2019, a fall that is explained by the decrease in purchases in Honduras, El Salvador and Costa Rica.

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

Steel Sheets: Purchases Decrease 7%

October 2019

During the first quarter of 2019, imports of iron and steel sheets in the countries of the region totaled $224 million, 7% less than reported in the same period of 2018.

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

Steel Sheets: Imports up 2%

December 2018

In the first half of the year, iron and steel sheet purchases in the countries of the region totaled $525 million, 2% more than imports in the same period in 2017.

Figures from the information system on the Iron and Steel Sheet Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Central America: Steel Sheet Imports Up 23%

August 2018

In the first quarter of the year, purchases of iron and steel sheets in countries in the region totaled $270 million, 23% more than the amount imported in the same period in 2017.

Figures from the information system on the Iron and Steel Sheet Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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