During the third quarter of 2021 there was a recovery in purchases of glass and its manufactures by the Central American region, reaching $269 million, with Guatemala being the main importer with $47 million.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
Due to the closure of a company engaged in the manufacture of packaging and the shortage of raw materials, it is expected that in May and June companies in Nicaragua will face a scenario in which shortages and high prices will predominate.
After the Nicaraguan company Astro Packing Solution announced an indefinite closure of its operations, local companies predict that packaging will become more expensive in the coming weeks and will be forced to look for new suppliers in neighboring countries.
In Nicaragua, Astro Packing Solution, a company involved in the manufacture of packaging and plastic products, notified its clients that it will close indefinitely due to a shortage of raw materials.
CentralAmericaData anticipated this scenario in mid-February. According to a publication dated February 15, due to the shortage of raw materials and the bottlenecks in the production of the inputs demanded by the plastics industry, businessmen in the region predicted that in the coming months the prices of the products manufactured by the sector would increase.
The use of unique codes that can be scanned with a mobile device, so that consumers know all the product information and companies interact with their customers, are part of the innovations that some packages already have.
Currently, consumer interest in products that are manufactured with environmental and social responsibility has grown. More and more customers want to have more details about the production processes and the origin of the goods.
From January to September 2019, imports of glass and its manufactures in Central America reached $220 million, and purchases from companies in China grew by 6% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption "Click to interact with graphics"]
After in 2018 imports of glass and glass manufactures in Central America reported a slight decrease of 1% compared to 2017, in the first quarter of 2019 reported a 4% year-on-year decline.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
In 2018, imports of glass and glass manufactures in Central America totaled $302 million, and 44% were bought by companies in Guatemala and Costa Rica.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Since consumers are less willing to buy products whose packaging is harmful to the environment, the packaging industry must begin to incorporate these trend changes in the development of its packaging design.
The increase in the diffusion of ideas proposing sustainability in the production and commercialization of goods opens a space for companies to implement strategies based on the preference for the consumption of "eco-friendly" products.
Pharmaceuticals, plastics, food preparations, sugar and confectionery, and electric cables continue to be the main products sold from the region to businesses on the island.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
In the first nine months of the year, imports of glass and its manufactures in Central America totaled $224 million, and 43% were bought by companies in Guatemala and Costa Rica.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
During the first half of the year, imports of glass and glass products in Central America reached $155 million, an increase of 3% compared to the same period in 2017.
Figures of the information system on the Glass Market and its Manufactures in Central America, from the Commercial Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In the first three months of the year imports of glass and its manufactures in Central America totaled $79 million, registering an increase of just 1% over the same period in 2017.
Figures from the information system on the Market for Glass and its Manufactures in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Over the past year, countries in Central America bought $304 million worth of glass and its manufactured goods, and 25% came from the United States and Mexico.
Figures from the information system on the Central American Market for Glass and its Manufactures, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
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