Water Heaters: More Business with Mexico

In the first nine months of 2019, Central America imported water heaters for $15 million, and purchases from companies in Mexico increased 71% over the same period in 2018.

Thursday, February 6, 2020

Import of water heaters to Central America Al September 30th, 2019  

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CentralAmericaData is the leading B2B market research company in Central America. We specialize in compiling, validating and analyzing data from the economic activities in Central American and South American countries, along with Mexico. We provide our clients and companies with presence in the region relevant information to define business strategies and make adequate decisions. Learn more about our services here

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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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Guatemala, Main Buyer
In the first nine months of 2019, the main importer of water heaters in Central America was Guatemala with $5.2 million, followed by Costa Rica with $4.6 million, Panama with $2.4 million, Honduras with $1.4 million, El Salvador with $1 million and Nicaragua with $400,000.

Variation in Regional Imports
Between January and September 2018 and the same period in 2019, imports fell from $16 million to $15 million.

In contrast to purchases in general, for the periods in question imports from Mexico increased, in this case from $600,000 to $1 million.

Main Suppliers
From January to September last year, 29% of the value imported from Central America came from Brazil, 27% from the USA, 19% from China, 7% from Mexico and 5% from Germany.

For the period in question of the last eight years, Mexico is the market of origin of the purchases that has grown the most, rising from 2% in 2012 to 7% in 2019.

Note: The report includes imports of electric, immersion, instantaneous gas water heaters and other types.

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Between January and September 2019, Central America invested $38 million in imports of fiber optic cable, 18% less than in the same period in 2018, with Nicaragua and Costa Rica being the markets that registered the most significant reductions.

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

Water Heaters: Market Figures in Central America

February 2019

Between January and June 2018, water heaters were imported for $11 million, and 66% were bought by companies in Guatemala and Costa Rica.

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

$10 million for Solar Water Heaters Announced

August 2018

In Panama a project is being developed that aims to promote the use of water heaters that use solar energy, through means of international and national financing.

Local authorities reported that in order to carry out the project, the Global Environment Fund will contribute $1.9 million, and the Ministry of Environment, Panama Green Building Council, the Technological University of Panama, the UN and the General Bank will disburse another $8.1 million.

Water Heater Imports in Central America

February 2017

Between January and September 2016 imports of water heaters in Central American countries as a whole went down by 16% compared to the same period in 2015.

Data from a report entitled 'Water Heater Market in Central America', presented by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]

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