MARKET STUDY
Vehicles: Brands and Figures in MexicoMonday, July 15, 2019 About 30% of all cars in circulation in the country are estimated to be Volkswagen, Dodge, Toyota and Honda. An analysis compiled by CentralAmericaData's Trade Intelligence Unit, based on data from several information sources, provides interesting figures on the characteristics, brands and models of the automobiles that circulate on the streets of Mexico City. Panama: Poultry Industry Could Grow 5% in 2017Monday, November 20, 2017 The Panamanian Aviculturists Association expects to close the year with a 5% growth, with around 4 million chicken units more than those produced in 2016. Carlos Castroverde, president of the National Association of Poultry Farmers of Panama (Anavip), based his estimate on the general stability shown by the price of chicken in the local market. "... More English Tourists Visiting Costa RicaMonday, November 6, 2017 Between January and September of this year, 47,826 passengers from the English market came into the country, 9% more than in the same period in 2016. So far this year the English market has gained ground, positioning itself as the largest generator of tourists from the European continent, accounting for 47,826 international arrivals (from January to September), registering a growth of 9.1% over the same period last year. Collaborative Economy: New Competitor in Costa RicaFriday, October 18, 2019 After investing $2 million, the company Rappi, dedicated to the service of food delivery, orders and cash transport, began operations in the country. This type of service supply is increasing in the Costa Rican market, as Rappi will have to compete with Uber Esats, Glovo and Hugo. Custom Industrial ConstructionWednesday, December 4, 2019 In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers. In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the industrial real estate market have chosen to migrate to the "Built to Suit" (BTS) leasing model.
MARKET STUDY
Household Appliances: Market Share of the Ovens MarketWednesday, February 19, 2020 In Central America, it is estimated that Mabe, Panafoto, Elektra Guatemala, El Gallo mas Gallo de Alajuela, GMG Comercial and Corporación de Supermercados Unidos, account for about 16% of total imports of microwave and electric ovens. A study by the Trade Intelligence Unit of CentralAmericaData indicates that Distribuidora Electrónica, Whirpool Guatemala and Operadoras de Tiendas S.A., are other companies that have a considerable share in the Central American market for electric ovens. Vehicles: New Service Center in GuatemalaFriday, February 28, 2020 The business group Excel Automotriz opened a new service center of 7,600 square meters, which is located in zone 10 of the country's capital. Company representatives reported that the facility has exhibition space, offices, workshop, sales area for new vehicles and spare parts, and a parking lot with capacity for more than 30 cars.
MARKET STUDY
Cars and Motorcycles: Market Share in the RegionThursday, February 27, 2020 At the end of 2019, 32% of the vehicles circulating on the streets of Central America were of the brands Toyota, Nissan and Hyundai, while Honda, Suzuki, Kia, Isuzu, Mazda and Ford shared 25% of the total. The report "Vehicles in Central America", from the Trade Intelligence Unit of CentralAmericaData collects the most updated information on the automotive market in Central American countries. Automotive Market: Outlook for 2020Monday, March 2, 2020 Although in 2019 worldwide vehicle sales fell by 3 million units, in Guatemala distributors project that this year local sales could grow between 5% and 10%. According to Fitch Ratings risk data, at the end of last year reported a significant drop in vehicle sales globally, a decline that was induced by the contraction of the Chinese market. Transportation: Mandatory Insurance until 2021Tuesday, October 20, 2020 Following the reform of government agreement 17-2020, the entry into force of the regulation requiring passenger and cargo transport units to take out civil liability insurance was delayed for one year in Guatemala. On February 12, 2020, the governmental agreement 17-2020 was published in the Diario de Centroamerica, which obliged the owners of trailers, trucks, panels and pickups, as well as urban micro and buses, cabs, motorcycle cabs and tuc-tucs, to have an insurance policy as of March 20 of this year. Industrial Real Estate: Leasable Area Up 5%Tuesday, June 22, 2021 Between the first quarter of 2020 and the same period of 2021, the total leasable area in Panama City increased by 4.79%. Commercial real estate consulting firm Newmark Central America reported that the industrial and logistics real estate market inventory in the Panamanian capital totaled 1,420,480 square meters (m2) of total leasable area, a figure that exceeds the estimate of a year ago. Transportation: Mandatory Insurance in GuatemalaThursday, March 12, 2020 As of March 20, the government agreement that requires passenger and cargo transport units to take out civil liability insurance will become effective in the country. On February 12, 2020, government agreement 17-2020 was published in the Diario de Centroamerica, requiring owners of trucks, panels and pickups, as well as micro and urban buses, taxis, motorcycle taxis and "tuc tucs", to have an insurance policy. Motorcycle Sales: Optimism in GuatemalaFriday, March 6, 2020 After 198,000 motorcycles were sold in the country in 2019, local businessmen forecast that during 2020 the number of units sold could increase between 12% and 17%. Data from the Association of Motorcycle Importers (Asim) indicate that on average 16,500 motorcycles are sold in the Guatemalan market per month, but only in February 2020 sales exceeded 19,000 units. Vehicles: How Much Did Sales Fall in 2020?Tuesday, March 2, 2021 In El Salvador during last year, sales of new vehicles decreased 24%, a drop that can be explained by the closing of borders, the technical stoppage of plants worldwide and home quarantines decreed due to the outbreak of covid-19. According to businessmen in the sector, in the context of the economic and sanitary crisis, sales of sedan-type vehicles were the most affected. This decline was mitigated by the performance of commercial vehicle sales. Government to Purchase 500 Tons of PorkTuesday, February 23, 2021 In order to boost local livestock activity, the Panamanian government has made a commitment to the National Association of Pork Producers to purchase 5,000 pigs, equivalent to 500 tons of pork. It is important to highlight that the economic impact of this purchase is in the order of $1,650,000, which will be of great support on the one hand for the producers, and on the other hand for thousands of households that are served by the Panama Solidarity Plan, informed the Ministry of Agricultural Development (Mida). |
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