For the second quarter of 2021, Guatemala maintained as the main importer of insecticides, herbicides and fungicides with $84.2 million, the largest supplier was China with 18.94%.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
During last year, Central American companies imported insecticides, herbicides and fungicides for $808 million, 30% more than what was reported in 2019, a rise that is explained by the behavior of purchases from all markets in the region.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
During the first nine months of 2020, companies in Central American countries imported insecticides, herbicides and fungicides for $617 million, 30% more than what was reported in the same period of 2019, a rise that is explained by the behavior of purchases from all markets in the region.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
Because the Ecuadorian market is highly dependent on imports and its local industry is incipient, there are opportunities for bulk exports and packaging in the South American country.
To enter the market, products can be sold to distribution companies, whether these register the products themselves under their own brand, import in bulk/concentrate, repackage and distribute, or do so under the manufacturer's brand and import and distribute ready-to-retail products (this can be on an exclusive basis), explains a study by the Foreign Trade Promotion Agency (Procomer).
During the first six months of 2019, companies in Central American countries imported $316 million worth of insecticides, herbicides and fungicides, and purchases from companies in Israel grew by 12% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
During the first three months of 2019, companies in Central American countries imported insecticides, herbicides and fungicides for $132 million, and purchases from Mexican companies grew 12% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
From January to September 2018, countries in the region imported $530 million worth of insecticides, herbicides and fungicides, and 46% were bought by companies in Guatemala and Costa Rica.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics]
Guatemalan Foragro, manufacturer of insecticides, fungicides and herbicides, opened a branch in Panama and aims in the short term to position 50 products in the local market.
The company reported that for the opening of its branch in the Panamanian market invested $300,000 and that this would have a presence in all Central American countries, as they already operate in El Salvador, Honduras, Nicaragua and Costa Rica.
From January to June of this year, countries in the region imported insecticides, herbicides and fungicides for $343 million, 2% more than in the same period in 2017.
Figures from the information system of the Central American Insecticide, Herbicide and Fungicide Market, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In 2017, the total import value of insecticides, herbicides and fungicides in Central American countries totaled $689 million, registering a 3% increase with respect to 2016.
Figures from the information system on the Market for Insecticides, Herbicides and Fungicides in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]