Because the Asian giant is the world's largest buyer of fresh fruit and people are willing to consume new and tropical foods, the region's pineapple producers have the opportunity to increase their business with the Chinese market.
According to a study conducted by the Foreign Trade Promoter (Procomer), China remains one of the largest producers of fruit in the world, but quality remains a problem, so they are interested in imported fruit, added to consumers looking for better quality products as part of the search for a healthier lifestyle.
In the last five years, liquid milk sales in Central America increased 16%, from $3,935 million in 2014 to about $4,566 million in 2019, growth that was boosted by the Costa Rican and Honduran markets.
Figures from the "Liquid Milk Market Snapshot" prepared by the Trade Intelligence Unit of CentralAmericaData, detail that in the last five years the volume consumed at regional level of liquid milk registered an increase, since between 2014 and 2019 it is estimated that demand in Central America rose from 3,907 to 4,202 million liters.
So far this year, interest in fast food in Central American markets has clearly increased, with Guatemala, El Salvador and Costa Rica recording the largest increases in interactions associated with the topic.
Through a system that monitors real-time changes in the interests and preferences of consumers in Central American countries, developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project short and long-term demand trends for different products, sectors and markets operating in the region.
According to the digital behavior of consumers, it is estimated that in Guatemala, Costa Rica and Panama more than 17 million people show interest in dog and cat food, and most of them are between 19 and 35 years old.
A study of consumer interests and preferences in Central America, carried out by the Trade Intelligence Unit of CentralAmericaData, gives interesting results on people's preferences and tastes in various products, services and activities.
Interest in food and beverage products has clearly increased in recent weeks in the region's markets, with the trend being more evident in products such as baked goods, soups, liquors, fruits and vegetables, candies and fast food.
Through a system that monitors in real time changes in consumer interests and preferences in Central American countries, developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project short and long-term demandtrends for the different sectors and markets operating in the region.
From January to September 2019, Central American exports of vegetables totaled $159 million, 21% more than reported in the same period in 2018, a rise that is explained by the behavior of sales to companies in the United States.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graph"]
When the economies of Central America begin to relax the restrictions that have been taken to prevent the spread of covid-19, it is expected that in the area of processed meats, sales of pork ham will be among the most contracted.
Using a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted.
In the context of the current health emergency, Costa Rican companies working in the production of food and cleaning supplies have had to considerably increase their operations to cover the growing demand.
The covid-19 outbreak caused consumers to increase spending on basic necessities such as food and cleaning supplies in recent weeks, forcing companies in these sectors to work overtime, invest in equipment and hire more workers on a temporary basis.
Although several companies have been affected by the measures implemented by governments in the context of the Covid-19 crisis, Costa Rican exports of coffee, pineapple and bananas have so far not faced difficulties with logistics.
Directors of the Coffee Institute of Costa Rica (Icafé) indicated that so far there have been no problems with the availability of containers and that sales abroad are proceeding normally.
This sector would be one of the least affected by the covid-19 crisis in Central America, which would be partly explained by the performance of bottled water sales and dairy marketing.
As a result of the crisis generated by the spread of the coronavirus, producers predict that the demand for tuna in Central America will grow by about 50%.
Representatives of the Spanish conglomerate Calvo Group, say that in Panama the inventory of tuna prepared for all of March was exhausted in three days, due to the health emergency that markets in the region are going through.
From January to September 2019, companies in the region imported $144 million in dog and cat food, and purchases from Mexican companies increased 4% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In the last five years, beef consumption in Central America increased 4%, from 335,000 tons in 2014 to about 347,000 tons in 2019, growth that was boosted by the Salvadoran and Honduran markets.
Figures from the "Beef Market Snapshot" prepared by the Trade Intelligence Unit of CentralAmericaData, detail that in the last two years’ regional consumption of beef registered a slight increase, since between 2018 and 2019 it is estimated that demand in Central America rose from 341 thousand metric tons to 347 thousand tons.
From January to September 2019, companies in the region bought corn abroad for $685 million, 12% more than reported for the same period in 2018, a rise that is explained by the behavior of imports in Nicaragua, El Salvador and Guatemala.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
An industrial plant for the processing of vegetables, fruits, grains, dairy products, roots and tubers will be built in the canton of Coto Brus, province of Puntarenas.
The Costa Rican government awarded the contract for the construction of this industrial complex to the company Vidalco Empresa Constructora. It is estimated that the overall investment will be approximately $3 million.
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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