El Salvador, Guatemala and Nicaragua were the Central American markets that increased their hydraulic cement imports in the first half of 2020 in year-on-year terms.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
During the first quarter of 2020, Central American companies imported hydraulic cement for $48 million, and purchases from Turkey increased 154% compared to the same period in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graph"]
The potential business of these establishments can be assessed by estimating the number of people living in the surrounding area, their socio-demographic characteristics, their consumption capacity and the type of products they are interested in.
Measuring the potential of micro markets, based on the evaluation of a business environment and its comparison with similar sales points, is essential for designing appropriate commercial strategies or deciding where to open a new store.
Hardware store sales in Central America are projected to register a considerable drop, which would be mainly due to the expected decline in retail sales of paints.
The "Information System for the Impact Analysis of covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies according to their sector or economic activity, considering different scenarios for the coming months.
In Guatemala, between January and February of this year, the price of 22-gauge steel sheet fell 2%, and the price of rustic pine formwork wood increased 2%.
The Price Index of Construction Materials -IPMC-, prepared by the National Institute of Statistics (INE), measures the price variations of the eighty-nine (89) materials and services that make up the representative basket of inputs used in the construction activity, using December 2018=100 as the base month.
The impact of the covid19 crisis on the construction sector in Central America is expected to be explained, to a greater extent, by the expected fall in the business of prefabricated steel structures.
The Legislative Assembly approved in second debate a bill that aims to tax in the country the sale and self-consumption of imported or locally produced cement.
The initiative, which was approved in the first debate in the Assembly in mid-February and is still pending approval by the Executive Branch, establishes that the tax will be on imported cement produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product nationally.
After investing $7 million, Grupo Monterrey began operating a factory in the municipality of Amatitlan with the capacity to produce 4 million blocks per month.
The industrial plant, whose facilities have an area of 4 thousand square meters, is located at kilometer 32 on the Pacific route, in the Rancho Grande industrial park. The factory has a mega blocks machine with European technology and a temperature-controlled warehouse for drying the block.
In Guatemala, between January 2019 and the same month of this year the price of the white porcelain sink with accessories rose 5%, and the 3/8" diameter and 20" long rod was reduced 6%.
The Price Index of Construction Materials -IPMC-, carried out by the National Institute of Statistics (INE), measures the price variations of the eighty-nine (89) materials and services that make up the representative basket of inputs used in the construction activity, using December 2018=100 as the base month.
In Guatemala, between January and December of last year the price of 16 gauge steel wire rose 16%, and that of structural galvanized steel sheet, die-cut, 26 gauge, was reduced by 5%.
The Price Index of Construction Materials -IPMC-, prepared by the National Institute of Statistics (INE), measures the variations of the prices of the eighty-nine (89) materials and services that integrate the representative basket of inputs used in the construction activity, using as base month December 2018=100.
In Guatemala, between January and November of last year, the price of 3/8" diameter, corrugated, legitimate iron rod fell 9%, and that of structural galvanized steel sheet, die-cut, 26 gauge, fell 5%.
The Price Index of Construction Materials -IPMC-, prepared by the National Institute of Statistics (INE), measures the price variations of the eighty-nine (89) materials and services that make up the representative basket of inputs used in the construction activity, using December 2018=100 as the base month.
In the first ten months of the year, the price of 3/8" diameter iron rod, corrugated and legitimate, fell 9% in Guatemala, and that of structural galvanized steel sheet, die-cut, 26 gauge, fell 5%.
The Construction Materials Price Index -IPMC-, elaborated by the National Statistics Institute (INE), measures the variations of the prices of the eighty-nine (89) materials and services that integrate the representative basket of inputs that are used in the construction activity, using as base month December 2018=100.
In Guatemala, the hardware industry is expecting its sales to grow 20% this year, mainly explained by the good performance it has reported so far in 2019.
According to projections of the Banco de Guatemala (Banguat), updated to September 2019, it is forecast that at the close of this year the construction sector will grow by 5.8%, a rise that would be explained by more flexible procedures in the processing of permits.
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