The Panamanian Sports Institute will build a sports complex in Herrera with four training areas, on a site of almost 14 thousand square meters.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
World Gym, which in El Salvador is located in Antiguo Cuscatlan, has a potential market of 266,000 consumers 15 minutes away by car, of which 13% are interested in yoga and 12% in weight training.
Using the Geomarketing solutions that we have developed for our clients, CentralAmericaData's Trade Intelligence team analyzed the environment of some of the main locations of the fitness centers, which operate in the countries of Central America. Below is an extract of the study's findings.
What to consume, what to stop consuming, which habits to adopt to improve health and to which lines of expenditure to invest more financial resources, are some of the questions that consumers in Central America are asking in the context of the new normal.
The covid-19 outbreak generated a revolution in the markets of Central America and its different economic sectors.
In recent weeks, interest in activities such as yoga and pilates, and in personal hygiene and weight loss products, has increased in Central American markets.
Through a system that monitors real-time changes in consumer interests and preferences in Central American countries, developed by CentralAmericaData's Trade Intelligence Unit, it is possible to project short and long-term demand trends for the different sectors and markets operating in the region.
In the first half of the year, countries in the region imported $26 million in sports footwear, 3% more than the purchases reported in the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
It is estimated that in the country about 400 thousand people regularly attend fitness centers, a trend that could go up in the coming years, so some chains project investments for 2020 and 2021.
The business has boosted in recent years, because the population in the country demands healthy and holistic lifestyles, so it seeks sports centers with a portfolio of services concerning nutrition, wellness and disease prevention.
The Panamanian Institute of Sports tenders the construction of a fitness center in the province of Chiriqui and improvements in sports facilities in Veraguas.
Panama Government Purchase 2019-1-35-0-04-LV-007603:
"Study, design, demolition, construction and equipment of La Basita fitness center, in the district of David, province of Chiriqui."
Last year, nearly $75 million in contracts to build public sports centers were awarded in Panama, being Enobras S.A. the company that accumulated the largest amount awarded.
Data from the information system "Public Purchases in Central America" by CentralAmericaData, details the list of companies favored with contracts to carry out construction works in 2018, in tenders published by the Panamanian Institute of Sports.
The Panamanian Sports Institute is putting out to tender the study, design and construction of a baseball stadium and adaptation of a gymnasium.
Panama Government Purchase 2018-1-35-0-08-LV-007336:
"Requirements are for the study, design and construction of the José de La Luz Thompson baseball stadium and the adaptation of the Luis Guillermo Pulido gymnasium, located in the district of Chepo, province of Panama.
In 2017, countries in the region imported $87 million worth of sporting goods, 8% more than in 2016, reaffirming the upward trend registered since 2013.
Figures from the information system on the Market for Articles and Material for Physical and Sports Culture in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The Panamanian Sports Institute is putting out to tender the study, design and construction of a football stadium and a combat center, in Juan Díaz, province of Panama.
Panama Government Purchase 2018-1-35-0-08-LV-007044:
"Study, design and construction of the new Emilio Antonio Royo C football stadium, located in the province and district of Panama, town of Juan Díaz, Irving Saladino sports city."
In Costa Rica the municipality of Escazú plans to invest $6 million in the construction of a sports village, which will include a gym for 1,500 people, an amphitheater, confectionery store and function rooms.
The Comptroller General of the Republic has authorized the Municipality of Escazú to build a sports village on a plot of land in the district of San Antonio.
Commercial and residential use towers in Guatemala, a highway in Panama, and a sports center in Costa Rica are some of the projects expected to be developed in the coming months in the region.
The interactive platform"Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country in June 2017.
In 2016 Central American countries imported $81 million worth of sports articles and equipment, 8% more than in 2015.
Figures from the Information System on the Market for Articles and Materials used for Physical and Sports Culture in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
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