españolMore Taxes: An Idea That Appeals to GovernmentsWednesday, September 23, 2020 In this scenario of economic crisis, falling tax revenues and the need to finance recovery programs, in Guatemala and Costa Rica it is already proposed to increase current taxes and create new ones. Guatemalan authorities are already beginning to discuss the fiscal policy they will apply in 2021, when the economy will have to face the effects of the economic crisis generated by the covid-19 outbreak. Tax Increase RejectedThursday, September 24, 2020 After the announcement of the intention to increase the tax on the distribution of cement and fuel in Guatemala, businessmen believe that in this scenario of incipient economic recovery it is not a good idea to increase the tax burden. In order to face the effects of the economic crisis generated by the covid-19 outbreak, Guatemalan authorities are already beginning to discuss the fiscal policy to be applied in 2021.
MARKET STUDY
Liquid Pumps: Business with Mexico UpwardsThursday, September 24, 2020 From January to March 2020, Central America imported $56 million in liquid pumps, and purchases from companies in Mexico grew 8% compared to the first quarter of 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
MARKET STUDY
Footwear: $141 Million in Regional PurchasesWednesday, September 23, 2020 Between January and March 2020, Central America allocated $141 million to the import of footwear and its parts, 13% less than in the same period in 2019, with Panama and Honduras being the markets that registered the most significant reductions. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
GEOMARKETING SOLUTIONS
Central America: Commercial Potential of BookstoresWednesday, September 23, 2020 Sophos, a bookstore located in Zona 10 of Guatemala City, is a point that 15 minutes by car monopolizes a potential market of 239 thousand consumers, of which 40% are interested in books. Using the Geomarketing solutions we have developed for our clients, CentralAmericaData's Trade Intelligence team analyzed the environment of some of the main bookstore locations operating in Central American countries. Below is an extract of the findings of the study. Clothing: Guatemalan Company Expands to MexicoTuesday, September 22, 2020 Under the brand of Tiendas Rechido, Corporación Megapaca opened its first store selling second-hand clothing in the city of Morelia, Michoacan. The new store operating in the Mexican market will make available to the public 50 thousand garments and the business strategy of the business group is to enter the Mexican market as an environmentally sustainable fashion option.
MARKET STUDY
Diapers: $77 Million in Regional PurchasesTuesday, September 22, 2020 From January to March of this year, the countries of the region imported $77 million in diapers and similar items, 2% more than in the same period in 2019, with Guatemala, Nicaragua and Costa Rica being the markets that increased their purchases the most. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
MARKET STUDY
Central America Buys More Turkish CementMonday, September 21, 2020 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"]
MARKET TRENDS
More People Seek Credit CardsMonday, September 21, 2020 In the last few months, interest in credit cards has been increasing in the digital environment, a rise that is mainly explained by the behavior of consumers in Panama, Honduras, El Salvador and Costa Rica. Through a system monitoring changes in consumer interests and preferences in Central American countries in real time, developed by CentralAmericaData, it is possible to project short and long term demand trends for the different products, sectors and markets operating in the region.
MARKET STUDY
Beer in Central America: Imports Fall 5%Friday, September 18, 2020 From January to March 2020, beer imports in Central America totaled $56 million, 5% less than what was reported for the same period in 2019, with Guatemala and Honduras being the markets that registered the most significant drops. Figures from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] Guatemala Reopens BordersFriday, September 18, 2020 After six months of closing the borders to commercial flights, air transport has been reactivated from September 18 with the arrival of four aircraft from the United States. At the beginning of September, the Presidential Commission for Emergency Attention Covid-19 (COPRECOVID) had anticipated that the reactivation of operations at La Aurora and Mundo Maya International Airports would be carried out under the health protocols endorsed by health authorities and recommendations from International Civil Aviation.
MARKET TRENDS
Consumer Habits: Growing Interest in SeafoodFriday, September 18, 2020 Since March, when the first cases of covid-19 were detected and consumption patterns began to change, interest in seafood rebounded in all markets in the region and by the end of August the volume of interactions associated with the issue continued to rise. Through a system that monitors changes in consumer interests and preferences in Central American countries in real time, developed by CentralAmericaData, it is possible to project short and long-term demand trends for the different products, sectors and markets that operate in the region. Livestock: Less Sales due to RestrictionsTuesday, September 8, 2020 In Guatemala, for the months when the quarantine was most severe, sales of live cattle were cut in half due to movement restrictions, lack of transportation, and market closures. Due to the covid-19 outbreak, authorities agreed to impose severe restrictions on the circulation of people during April, May, June, and July, including total closures of the economy during several weekends.
BUSINESS OPPORTUNITY
Guatemala: Tender for Overpass ConstructionThursday, September 17, 2020 The Ministry of Communications is bidding for the construction of the overpass on Route CA-01 West, at kilometer 33.5 on the way back to San Bartolome Milpas Altas, department of Sacatepequez. Guatemala Government Purchase 12939013:
MARKET STUDY
Vaccines for Human Use: Business in the RegionThursday, September 17, 2020 From January to March 2020, companies in the region bought vaccines for human use abroad for $28 million, and 56% of total imports were made by companies in Costa Rica and Panama. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] |
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Sunday, September 27, 2020 - last update: 4:14 pm
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