españolTuna: Company Increases Production CapacityMonday, June 14, 2021 In order to increase its installed capacity, in Guatemala the company Rianxeira invested $2.5 million in the commissioning of two new industrial buildings. The plant in which the business group made the investment in new industrial buildings was inaugurated in 2019 and is located at kilometer 97, highway to Puerto Quetzal, Escuintla. Logistics Costs Rising: Companies Aim at BrazilThursday, June 17, 2021 As a result of the global trade imbalance that has become evident in the last year and the considerable increase in logistics costs, Guatemalan importers are beginning to look to Brazil as an option to replace purchases from Chinese companies. In early March of this year, CentralAmericaData reported that as a result of the imbalance faced by world trade flows, shipping lines have changed their routes and prefer to move empty containers to Asia, a situation that at that time already generated shortages and caused increases in transport rates.
MARKET STUDY
Dairy: Regional Trade Up 7% in 2020Thursday, June 17, 2021 During last year, trade in milk and dairy products between Central American countries totaled $355 million, 7% more than what was recorded in 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Regional Real Estate Congress in GuatemalaWednesday, June 16, 2021 From September 9 to 10, the VI Latin American Real Estate Congress CILA 2021 will be held in Ciudad Cayala, in zone 16 of the country's capital city, an event that will analyze opportunities to buy properties in the region and the reality of real estate sales in the post-pandemic era. The Congress, which will be held under the theme "A new beginning in the real estate world", will offer conversations and panel discussions between Latin American countries, corporate stands for sponsors and virtual networking rooms.
BUSINESS OPPORTUNITY
Vietnamese Cement Invades Central AmericaWednesday, June 16, 2021 In recent years, cement from Vietnam has gained importance in terms of amount purchased, as in 2016 it represented just 0.01% of total regional imports and in 2020 it became the main supplier, as the share went up to 32%. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
MARKET STUDY
Insulin: Business with Denmark up 11%Tuesday, June 15, 2021 During 2020, Central America's imports of pharmaceutical products containing insulin totaled $35 million, and purchases from Danish companies increased 11% over what was reported in 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] Guatemala: Investment in Mixed Use ProjectTuesday, June 15, 2021 The Íntegro business group announced that it will build a mixed-use real estate complex in Zone 11 of the country's capital, which will house 675 apartments and will also have commercial spaces. The project is called Villa Mariscal and will consist of four totally autonomous towers.
GEOMARKETING SOLUTIONS
Central America: More Consumers Back to SupermarketsTuesday, June 15, 2021 In the last week of May 2021, El Salvador, Nicaragua, Honduras, Dominican Republic and Guatemala were the economies in which the number of people visiting establishments identified as supermarkets was considerably higher than the figures reported before the pandemic. In the first five months of the year, and in the context of the reactivation of commercial activities, more Central American consumers have visited locations identified as supermarkets and pharmacies.
MARKET STUDY
Vegetables: Sales Exceed $300 millionMonday, June 14, 2021 During 2020, Central American vegetable exports totaled $318 million, 34% more than what was reported in 2019, a rise that is largely explained by the performance of sales to U.S. companies. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Guatemalan Economy According to the IMFFriday, June 11, 2021 For the international organization, during 2020, Guatemala's economy showed resilience, since in the context of the crisis caused by the Covid-19 outbreak, the GDP contracted only 1.5%. According to the International Monetary Fund, in a context of favorable specialization of production and exports, resilience of remittances, and unprecedented support from monetary and fiscal policies, the drop in Guatemalan production was minimal compared to that reported in other Central American countries.
MARKET STUDY
Vaccines: Purchases from Russia up 54% in 2020Friday, June 11, 2021 During 2020, companies in the region allocated $134 million for the import of vaccines for human use, and purchases from Russian companies increased 54% over what was reported in 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Economy: How to Explain Price Escalation?Thursday, June 10, 2021 Fifteen months after the beginning of the health and economic crisis, Guatemala, Honduras and Nicaragua are the economies in the region with the highest inflation rates, a behavior that was influenced by increases in fuel and transportation costs. In the second quarter of 2020, a period in which the countries of the region were going through a severe economic crisis caused by the Covid-19 outbreak, inflation levels were low and in some economies negative variations were reported. State Contracting Law is VetoedTuesday, June 1, 2021 In Guatemala, President Alejandro Giammattei decided to veto the reforms to the Contracting Law and announced that the bill will be returned to Congress with the respective observations. According to Giammattei, the observations consist in the fact that the reforms to the Contracting Law should only apply to the purchases made by the Municipalities and not to the bids made by the institutions of the Executive. Vaccine Tourism Boosts Ticket SalesThursday, June 10, 2021 In order to have access to the vaccine against Covid-19, the number of people traveling abroad by air has increased in Guatemala in the last months, being the United States the main destination to which Guatemalans travel. Data from the Guatemalan Institute of Migration (IGM) show that in the fifth month of the year there was an increase in the number of people who decided to travel abroad, most of them in search of access to the vaccine against the coronavirus.
MARKET STUDY
Bread and Cookies: $460 Million in Business in the RegionThursday, June 10, 2021 In 2020, Central American countries spent $460 million to import bakery, pastry and biscuit products; of the total amount purchased abroad, Guatemalan, Honduran and Panamanian companies represented 62%. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]. |
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Monday, June 21, 2021 - last update: Friday, 6:16 pm
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