Tires: Slight Fall in Imports in 2018

Last year, companies from Central American countries imported new tires for $444 million, 2% less than what was reported in 2017.

Tuesday, July 16, 2019

Neumatic Tire Market Imports in Central America Al June 30th, 2019  

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Figures from the Trade Intelligence Unit at CentralAmericaData: Click to interact with graphicsClick to interact with graphics

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Guatemalan Companies, Main Buyers
During 2018, the main importer of new pneumatic tires in Central America was Guatemala, with $126 million, followed by Costa Rica, with $85 million, Panama, with $82 million, Honduras, with $65 million, El Salvador, with $45 million, and Nicaragua, with $40 million.

Regional Business: Slight Decrease
Between 2017 and 2018 the value imported into Central America had a negative variation, falling from $450 million to $444 million.

Contrary to the behavior of purchases in general, for the periods concerned, imports from China increased 3%, from $223 million to $229 million.

Main Suppliers
Last year, 52% of the value imported into the region came from China, 5% from Japan, 5% from the U.S., 3% from Brazil and 3% from Thailand.

China is the market origin of imports that has grown the most over the last seven years, since in 2012 represented 32% of total imports in the region and in 2018 that proportion rose to 52%.

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

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More on this topic

Central America: Tire Purchases Increase to 3%

December 2019

From January to June 2019, companies from Central American countries imported new tires for $221 million, a figure 3% higher than that reported in the same period in 2018.

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

Tires: Regional Purchases Up 3%

September 2019

From January to March 2019, companies in Central American countries imported $108 million worth of new tires, a figure 3% higher than that reported in the same period in 2018.

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

Tires: More Business with Thailand

April 2019

Between January and September 2018, countries in the region imported $323 million in new tires, and purchases from companies in Thailand increased 19% over the same period in 2017.

Data from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics]

Tires: Market Figures in Central America

September 2018

In the first three months of the year, Central American countries imported $105 million worth of new tires, and 64% was purchased by companies in Guatemala, Costa Rica and Panama.

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

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