Tires in Central America: Figures as of March 2020

From January to March 2020, companies in the region bought new tires abroad for $113 million, 4% more than in the same period in 2019, with Costa Rica and El Salvador being the markets that increased imports the most.

Friday, September 11, 2020

Neumatic Tire Market Imports in Central America Al March 31st, 2020  

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Guatemalan Companies, Main Buyers
In the first three months of this year the main importer of new pneumatic tires in Central America was Guatemala, with $35 million, followed by Costa Rica, with $21 million, Panama, with $19 million, Honduras, with $14 million, El Salvador, with $13 million, and Nicaragua, with $12 million.

Three of the six countries recorded year-on-year increases in their purchases. In Costa Rica and El Salvador imports increased 18% in both cases, while in Guatemala the increase was 15%.

Honduras and Panama were the markets that registered negative variations, reporting declines of 11% and 15%, respectively.

In the Nicaraguan market the variation was not very significant.

Regional Business on the Rise
Between January and March 2019 and the same period in 2020 the value imported into Central America had a positive variation, going from $108 million to $113 million.

For the periods in question, imports from China also increased, in this case by 6%, rising from $54 million to $57 million.

Top Suppliers
In the first three months of 2020, 51% of the value imported into the region came from China, 5% from Japan, 5% from the US, 4% from Thailand, 4% from Brazil, 4% from India and 3% from Mexico.

China is the market that has grown the most in the last eight years, representing 30% of the region's total imports in 2012 and 51% in 2020.

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

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Car Batteries: Regional Market Figures

October 2020

In the first quarter of the year, Central American countries imported vehicle batteries for $57 million, and 57% was purchased by companies in Guatemala and Costa Rica.

Figures from the Trade Intelligence Unit of 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: Slight Fall in Imports in 2018

July 2019

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

Figures 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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