españolAlcoholic Beverages: Production Falls 6% in 2019Friday, January 31, 2020 During 2019, the production of alcoholic beverages in the country was 285 million liters, 6% less than the same period in 2018. The most recent data published by the General Comptroller of the Republic, states that the production of alcoholic beverages in general reported a decline, from 302 million liters in 2018, to 285 million liters in 2019.
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Alcoholic Beverage Purchases Grow at 16%Wednesday, January 22, 2020 From January to June 2019, Central American companies imported $205 million in alcoholic beverages, 16% more than the same period in 2018, explained again by the behavior of purchases from the U.S. and Mexico. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Food and Beverage: Sales fall 5% in 2019Tuesday, February 4, 2020 In Guatemala, the sector's union estimates that exports of processed food and beverages totaled $1.39 billion, 5% less than what was reported in 2018. Preliminary data from the Guatemalan Chamber of Food and Beverages (CGAB) indicate that between 2018 and 2019, exports of processed food and beverages decreased from $1.47 billion to $1.39 billion. Dominican Republic: 2020 Begins with 4.1% InflationTuesday, February 11, 2020 Food and non-alcoholic beverages, Transport, and Recreation and culture, were the sectors that had the greatest incidence in January for the CPI to report a 4.1% year-on-year variation. The Central Bank of the Dominican Republic (BCRD) reported that the overall consumer price index (CPI) experienced a 0.33% change in January 2020 compared to December 2019, while the underlying price index or monetary conditions index experienced a 0.38% change in the first month of the year. Beverages: Production Plant Starts OperationsWednesday, January 15, 2020 In Costa Rica, the Coca-Cola company announced that it had completed the construction of its new raw material production plant in Liberia, and it has now begun operating in its first phase. At the beginning of March 2018, it was announced that the production plant would be built on land located in the Solarium Free Zone in Guanacaste, and it was also detailed that it would take 18 months to build it, so the industrial building would be ready at the beginning of January 2020. Honduras: Inflation Still AcceleratingMonday, February 10, 2020 After the inflationary rhythm went from 3.8% to 4.1% between November and December 2019, during January 2020 the year-on-year CPI was 4.3%. In the first month of 2020, the monthly variation of the Consumer Price Index (CPI) was 0.24% (0.03% in January 2019), an increase driven by the rise in the price of services related to housing, some food and recreational and cultural items and services. With this result, year-on-year inflation stood at 4.30% (3.95% twelve months earlier), reported the Central Bank of Honduras.
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Central America Purchases More Chilean WineWednesday, December 18, 2019 In the first six months of 2019, Central American countries imported $38 million in wine, and purchases from Chilean companies increased by 11% over the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
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Non-Alcoholic Beverages: $225 Million in BusinessMonday, January 13, 2020 In the first six months of 2019, the countries of the region imported $225 million in soft drinks, 4% more than in the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
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Beer: Business with U.S. Increases 31%Monday, December 9, 2019 In the first six months of 2019, beer imports into Central America totaled $108 million, and purchases from the U.S. increased 31% over the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Beverages: Taxes Still Not ReviewedMonday, December 9, 2019 As a result of the tax reform implemented in February 2019, Nicaragua tripled the tax burden on imports of all types of beverages, and nine months later, businessmen are still waiting for the government to review the collections. On February 27, 2019, the amendment to the Tax Concertation Law was approved, which consisted of raising from 1% to 2% the income tax for medium sized companies with higher income, and for large taxpayers from 1% to 3%, the livestock sector has reported considerable increases in its production costs. Soft Drinks: Extension for Tax PaymentThursday, January 9, 2020 Until January 13, 2020, the Sworn Declaration of Liquidation of the Selective Consumption Tax on Soft Drinks may be presented in Panama, corresponding to November 2019. Law 114 dated November 18, 2019, which entered into force on November 19, 2019, establishes a new rate for the Selective Excise Tax on Soft Drinks, which is why the e-Tax 2.0 system was modified. Due to these changes, the authorities decided to extend the deadline for filing this return, corresponding to the November 2019 period. Nicaragua: Drinks Become More Expensive at the Beginning of 2020Thursday, January 9, 2020 As a result of the tax reform implemented in February 2019, at the beginning of 2020 the prices of beverages increased, mainly soft drinks sold in plastic containers. In February of last year, the Ortega regime approved the reform of the Tax Agreement Law, which consisted of increasing income tax from 1% to 2% for medium sized companies with higher incomes, and from 1% to 3% for large taxpayers. Transport Prices Put Downward Pressure on InflationThursday, January 30, 2020 At the end of 2019, Panama reported a negative variation in the Consumer Price Index, a behavior that was determined partly by the prices of air passenger transport. Tax on Sugary Beverages RejectedFriday, November 22, 2019 Panamanian industrialists consider that the approach under which the new tax of 7% on carbonated beverages and 5% on other sugary beverages was defined uses discriminatory fiscal measures. On November 18, Law 114 was published in the Official Journal, entitled "What creates the Action Plan to Improve Health and dictates other provisions to establish the selective tax on the consumption of sugary beverages and the criteria for its use", which stipulates a 7% tax on carbonated beverages, 5% for other sugary beverages and 10% for syrups, and sugar concentrates for the production of sugary beverages. Beer: Production Decreases 3%Wednesday, October 30, 2019 From January to August 2019, the production of alcoholic beverages in Panama was 194 million liters, and beer production fell 3% compared to the same period in 2018. According to figures from the General Comptroller of the Republic, the production of alcoholic beverages in general reported a decline, reducing from 199.8 million liters from January to August 2018, to 193.9 million liters in the same period of 2019. |
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Sunday, February 16, 2020 - last update: 4:26 pm
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