Fertilizers and Agrochemicals: Importation, Exportation, Consumption, Market Competition, etc.

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Agrochemicals: New Competitor in Panama

Guatemalan Foragro, manufacturer of insecticides, fungicides and herbicides, opened a branch in Panama and aims in the short term to position 50 products in the local market.

Monday, April 22, 2019

The company reported that for the opening of its branch in the Panamanian market invested $300,000 and that this would have a presence in all Central American countries, as they already operate in El Salvador, Honduras, Nicaragua and Costa Rica.

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Hugo Nufio, general manager of Foragro, explained to Prensalibre.com that "... Panama was the only market that had yet to be covered in the region, in order to make the leap to other markets outside it."

Nufio added that "... Panama has an agricultural vocation in the production of rice and bananas and that is the market we seek to work. Much of the agricultural production is to serve the domestic market and another part is destined for the tourism sector and the service sector."

CentralAmericaData reports state that from January to June 2018 the main buyer of insecticides, herbicides and fungicides in Central America was Guatemala with $86 million, followed by Costa Rica with $74 million, Nicaragua with $50 million, Honduras with $49 million, Panama with $47 million and El Salvador with $37 million.

 

https://www.centralamericadata.com/en/article/main/Agrochemicals_New_Competitor_in_Panama

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Fertilizers in Central America: Imports Fall 10%

Between January and March 2020, Central America allocated $169 million to fertilizer imports, 10% less than in the same period in 2018, with Costa Rica, El Salvador and Guatemala being the markets that registered the most significant reductions.

Friday, August 28, 2020

Figures from the Trade Intelligence Unit of CentralAmericaData:

Regional Business Variation
Between January and March 2019 and the same period in 2020, the volume of fertilizer imports increased by 9%, from 518 thousand tons to 565 thousand tons.

In contrast to the upward behavior of the traded volume, for the periods in question, the imported value registered a 10% decrease, decreasing from $189 million to $169 million.

Costa Rica, Main Buyer
In the first three months of 2020 the main fertilizer importer in Central America was Guatemala with $42 million, followed by Costa Rica with $38 million, Honduras with $34 million, El Salvador with $20 million, Panama and Nicaragua with $18 million each.

Regarding the year-on-year change in purchases, four of the six countries registered declines. In Costa Rica, imports fell by 30%, while in El Salvador, Guatemala and Honduras they fell by 17%, 9% and 4%, respectively.

Panama and Nicaragua were the markets that registered positive variations, reporting 3% and 30% increases, respectively.

Main Sellers
From January to September 2019, 30% of the value imported from Central America came from Russia, 15% from China, 9% from Mexico, 9% from Canada, 6% from Estonia and 6% from the USA.

Russia is the market of origin of imports that has grown the most for the months in question over the last eight years, since in 2012 it represented 6% of total purchases and in 2019 that proportion rose to 29%.

 

https://www.centralamericadata.com/en/article/main/Fertilizers_in_Central_America_Imports_Fall_10