In the first nine months of 2020, Central American countries allocated $327 million to import bakery, pastry and biscuit products, and purchases from companies in Peru grew 4% compared to the same period in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
In recent months, it is estimated that the cost of raw materials for bread production in the Nicaraguan market has increased by about 25% and consumption has decreased by 40%, a phenomenon that is reported in the context of the economic crisis generated by the outbreak of covid-19.
Raw materials such as oils, shortening, margarine and sugar have increased their prices in this context of sanitary emergency, a situation that has put pressure on the production costs of bread producers.
Evaluating the commercial environment of each sales point of, for example, a bakery chain, is key to sizing the turnover potential of each location, a fundamental input for efficiently designing the expansion plan to compete in other micromarkets.
Using the Geomarketing solutions we have developed for our clients, CentralAmericaData's Trade Intelligence team analyzed the environment of some of the main locations of the bakery and pastry chains operating in Central America. Below is an extract of the study's findings.
In the first nine months of 2019, Central American countries spent $352 million on imports of bakery, pastry and cookie products, and purchases from companies in the U.S. grew 4% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In Nicaragua, companies involved in the production of bread are facing several difficulties because of the increase in their operating costs, which derive from the rise in taxes and electricity tariffs.
The beginning of the year has been difficult for most of the productive sectors of the country and bakers are not exempt from this reality. On February 27, 2019, the amendment to the Tax Agreement Law was approved, which consisted of raising from 1% to 2% the income tax for medium sized companies with higher incomes. Another of the measures contemplated by the reform was to raise the income tax of large taxpayers from 1% to 3%.
In 2018, Central American countries imported $472 million worth of baked goods, pastries and cookies, and purchases from U.S. companies grew 2% from 2017.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In the first nine months of 2018, Central American countries imported $347 million worth of baked goods, pastries and cookies, and purchases from U.S. companies grew 3% over the same period in 2017.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with chart"]
During the first six months of the year, Central American countries imported baked goods for $226 million, 2% less than in the same period in 2017.
Figures from the information system of the Market of Bakery, Confectionery and Biscuit Products in Central America, from the Trade Intelligence Area of CentralAmericaData:[GRAFICA caption="Click to interact with graphic"]
In the first quarter of the year, Honduras imported $24 million worth of baked goods, confectionery and biscuit products, and purchases made from companies in El Salvador grew by 11% compared to the same period in 2017.
Figures from the information system on the Market for Baked Goods, Pastry and Biscuit Products in Honduras, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In the first three months of the year, Central American countries imported $118 million worth of bakery, confectionery and biscuit products, and $49 million worth was purchased by companies in Guatemala and Honduras.
Figures from the information system on the Market for Baked Goods, Pastry and Biscuit Products in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"]
Between 2016 and 2017, imports of baked goods, pastry and biscuit products in Central American countries grew by 3%, rising from $470 million to $483 million.
Figures from the information system on the Market for Baked Goods, Pastry and Biscuit Products in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
From January to September 2016 Central American countries imported 163,000 tons of baked goods, biscuits and cakes, 4% more than in the same period in 2015.
Figures from the Information Systemon the Market for Baked Goods, Confectionery and Biscuits in Central America complied by the Business Intelligence Unit at CentralAmericaData:
In 2015 the region as a whole bought $454 million in baked products, confectionery and biscuits, corresponding to 214,640 tons.
Figures on Foreign Trade in Baked Products, Confectionery and Biscuits in Central America, analyzed by the Business Intelligence Unit at CentralAmericaData.com report that in 2015 Honduras led imports with $105 million, followed by Guatemala with $99 million, Panama with $76 million, Costa Rica with $66 million, Nicaragua with $58 million, and El Salvador, with $49 million.
The regional trade fair for franchises 'Expofranquicias 2016', will be held on 12th and 13th of May in Costa Rica.
From a statement issued by the Chamber of Commerce of Costa Rica:
Costa Rica, March 14, 2016. More than 100 exhibiting companies and 4,000 investors from the Caribbean, North, Central and South America and Europe, will participate in the seventh version of the only regional trade fair for franchises: Expofranquicia, which will be held on 12th and 13th of May in Costa Rica with the aim of promoting the opening of new franchises in the region.
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...