During 2020, imports of fruit and vegetable juices by companies in the region totaled $79 million, and purchases from Brazilian companies increased 45% over what was reported in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
As of October this year, the U.S. country will begin one of the phases of implementation of the new front labeling on food and non-alcoholic beverages, under the Labeling Law NOM-051 of the Ministry of Health.
One of the arguments that support the amendments to the Standard is the situation of health and welfare of citizens in the country. According to data from the National Health and Nutrition Survey (ENSANUT) 2018 (to date, the latest report released), 35.6% of children between 5 and 11 years old are overweight and obese. Meanwhile, children and young people between 12 and 19 years old report 38.4%, according to the Guatemalan Association of Exporters (Agexport).
As Central American economies ease the restrictions that have been placed on the spread of covid-19, sales of bottled water are forecast to decline by at least 2%.
Using a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, variations in household demand for different goods and services can be projected as the most critical phases in the spread of covid-19 are overcome and mobility restrictions are lifted in the countries of the region.
Until January 13, 2020, the Sworn Declaration of Liquidation of the Selective Consumption Tax on Soft Drinks may be presented in Panama, corresponding to November 2019.
Law 114 dated November 18, 2019, which entered into force on November 19, 2019, establishes a new rate for the Selective Excise Tax on Soft Drinks, which is why the e-Tax 2.0 system was modified.
In the first three months of 2019, countries in the region imported non-alcoholic beverages for $109 million, and purchases from the U.S. grew 10% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
In the first nine months of 2018, countries in the region imported non-alcoholic beverages for $327 million, 3% less than the same period in 2017.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics]
Explore data in the interactive display.
Regional Imports Decline
Between January and September 2017 and the same period in 2018, the value imported into the region fell 3%, from $337 million to $327 million.
Embotelladora La Mariposa in Guatemala, Distribuidora La Florida in Costa Rica and Femsa in Panama are three of the companies in Central America that report the highest figures for purchases of all types of beverages.
An analysis of CentralAmericaData's Trade Intelligence unit provides details on the companies according to sector, main activity, volume and value of their imports, exports and other relevant data.
Innovating and developing affordable products that meet the diverse nutritional needs of the Central American market is the main challenge facing the regional industry.
The discussion of interest topics of the food and beverage industry takes place within the framework of the first Food and Beverage Industry Forum, which was held in Guatemala and was named "Challenges of the regional agenda."
Panama's business sector asked President Varela to partially veto Law 570, which establishes an 8% tax on imported and domestically produced sugared beverages.
The rejection of the business sector comes days after the National Assembly approved, in third debate, the bill 570, which establishes an 8% tax for sugared beverages of national production and imported and 10% for syrups and concentrates.
In the first six months of 2018, countries in the region imported non-alcoholic beverages for $217 million, with 59% of the total purchased by companies in Panama, Guatemala and El Salvador.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In Panama, a proposal is being discussed that seeks to increase from 5% to 8% the Selective Consumption Tax on soft drinks, carbonated beverages, processed juices and other sugary beverages.
Laestrella.com.pa reports that "... The vice president of Corporate Affairs of the National Brewery, and representative of the Industrial Union of Panama (SIP), Juan Antonio Fabrega, warned last Tuesday that jobs generated by the industry of sugary beverages could be reduced, if the Selective Excise Tax is increased from 5 to 8%, as established by Law 570, which will be discussed today in the first debate in the Economy and Finance Commission of the National Assembly."
Over the past year, countries in the region imported $448 million worth of non-alcoholic beverages, and 42% of the total was purchased by companies in Panama and Guatemala.
Figures from the information system on the market for Non Alcoholic Beverages in Central America complied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graph"]
90% of the $300 million that the countries in the region exported as non-alcoholic beverages were destined for the same Central American market.
Figures from the information system on the market for non alcoholic beverages in Central America complied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
Between January and September 2016 the Central American countries exported 550,000 tons of soft drinks at a value of $230 million, led by Guatemala, with $93 million.
Figures from the information system on themarket for non alcoholic beverages in Central Americacomplied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
Beverage Industry Digital Magazine established in 1942, the oldest Spanish trade journal and the only beverage trade magazine serving the Latin American beverage market. It serves soft drink bottlers, brewers, bottled water...