In Panama, the bill that formulates the obligation to supervise the quality of the materials used in the construction of parking lots was approved in the third debate.
The plenary of the National Assembly approved this initiative in the third debate after considering it as a great security measure for people who invest in a home, explains an official statement.
In the last year in El Salvador, sales of hardware stores have remained dynamic, a situation that is explained by changes in living habits resulting from the pandemic, as in recent months’ consumers have decided to invest in remodeling their homes.
The increase in family remittances is another factor that has influenced the increase in hardware store sales. According to official figures, during 2020 the country received $5,919 million in family remittances, an amount that exceeded by 5% what was reported in 2019.
In recent years, cement from Vietnam has gained importance in terms of the amount purchased, as from January to September 2018 they represented 10% of total regional imports and for the same period in 2020 the proportion rose to 30%.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
In Guatemala, Cemex S.A. plans to invest close to $16 million in the expansion of its production plant located in the municipality of Puerto de San José, department of Escuintla.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence Unit, CemexGuatemala S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Arizona Plant Capacity Expansion".
During 2020, it is estimated that the average price of a ton of steel increased 19%, a rise that impacts the construction industry and is explained by the increase in logistics costs and the suspension of the extraction of the material due to the outbreak of covid-19.
Central American businessmen report that during last year, which was marked by the sanitary and economic crisis, the average price per ton of steel increased by $130, going from $670 to $800.
Because several construction projects were stopped due to the pandemic, residential remodeling work became an important source of income for hardware stores competing in the Costa Rican market.
The spread of covid-19 forced the Costa Rican authorities to impose restrictions on productive activities, one of which was construction, a sector that paralyzed several investments being made in 2020.
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"]
In Costa Rica, the price indexes of buildings and social housing registered in the seventh month of the year, year-on-year variations of -1.07% and -0.81%, respectively.
From the report of the National Institute of Statistics and Census:
The Novex chain of hardware stores opened its first branch in the country, which has an area of 3,000 square meters and is located in Curridabat, east of San José.
The new store that belongs to it is specifically located 250 meters east of the bomb La Galera, on the old road to Tres Rios, and has 20 departments that include construction materials, household items, pets, gardening, vehicles, painting, among others.
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.
As part of the process of reactivating productive activities after overcoming the most critical phases of quarantine, the Ministry of Health ordered the reopening of the hardware stores in their regular hours and with attention to the public.
Resolution 453 of the Ministry of Health was published in the Official Digital Journal on May 29, 2020, and authorizes the opening of hardware stores to the public.
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