From January to September 2020, motorcycle imports in the region totaled $237 million, 11% less than in the same period of 2019, a drop explained by the behavior of purchases from El Salvador, Honduras, Panama and Costa Rica.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
During the first two months of 2020, motorcycle imports into the markets of El Salvador and Panama contracted the most, with year-on-year falls of 38% and 36%, respectively.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
From January to September 2019, motorcycle imports into the Central American country reached $117 million, and 80% of total purchases were made from companies in China and India.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
Because the cost of electric bicycles is considerably lower than other types of electric vehicles, the number of units imported into the country has increased exponentially in recent years.
According to figures from the Ministry of Finance, during 2019 3,585 electric bicycles and motorcycles were imported into the country, 93% more than the 1,857 reported in 2018.
In the first nine months of 2018, companies in the region imported motorcycles for $301 million, 4% more than the amount reported in the same period of 2017.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
Last year the region imported $422 million worth of motorcycles, and 80% of purchases were made from companies in China and India.
Information from the interactive system Motorcycle Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData, [GRAFICA caption="Click to interact with graph"]
In 2016, $170 million worth of motorcycles were imported, 9% more than in 2015, and the value imported from China and India grew by 6% and 9%, respectively.
Figures from the information system on the the Motorcycle market in Guatemala, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
The union of importers of motorcycles has reported that in 2016 sales grew by 19%, lower than the 23% increase achieved in the previous year.
Figures from the Association of Motorcycle Importers (Aima) indicate that last year 67,736 units were sold, 19% more than what was sold in 2015, but lower than the 75,000 units that the union planned for this year.
Between January and June 2016 almost 39,000 new motorcycles were registered in the country, which is 9% more than in the same period in 2015.
<span dir="ltr">China is still the market from which the most motorcycles imported into the country arrive.In the first half of the year the number of these vehicles registered in the country rose by an average of 215 per day, outpacing growth in the same period in 2015.
In the first five months of the year nearly 36 thousand vehicles came into the country, 26% more than in the same period in 2015 and 24% more motorcycles.
Of the 35,690 vehicles that entered the country between January and May 2016, 72% were new units, and the rest were used.In the same period, the country imported 32 thousand new motorcycles.
In the first ten months of 2015 about 52 thousand new motorcycles were imported, 300% more than in the same period in 2010.
Importers and distributors of motorcycles explained that the increase is due, among other factors, to increased demand from market segments that up till now have not traditionally bought these types of vehicles.
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