Air Conditioning: Honduras, the Fastest-Growing Market
Wednesday, February 19, 2020
From January to September 2019, companies in the region bought air conditioning equipment abroad for $138 million, and imports by Honduran companies increased 22% compared to the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData:

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Imports by Country
During the first nine months of last year, the main buyer of air conditioning equipment in Central America was Panama with $45 million, followed by Costa Rica with $29 million, Honduras with $27 million, Guatemala with $18 million, El Salvador with $12 million and Nicaragua with $7 million.

In the case of the year-on-year variation in purchases, for the period in question Honduras and Guatemala each recorded increases of 22%, and in the case of Costa Rica the increase was 11%. Panama reported a drop of 4%, El Salvador a drop of 18% and Nicaragua a drop of 41%.

Variation in Regional Imports
Between January and September 2018 and the same period in 2019, the value imported recorded a slight increase of 0.6%, from $137.4 million to $138.1 million.

For the periods in question, purchases from China increased from $51.3 million to $55.7 million.

Origin of Imports
During the first nine months of 2019, 40% of the value imported from Central America came from China, 28% from the USA, 4% from Mexico and 3% from South Korea.

China is the country of origin of Central American imports that has grown the most for the period under analysis in the last eight years, since in 2012 it represented 23% of the total value purchased and in 2019 it rose to 40%.

Note:
This analysis was carried out considering air conditioning machines and apparatus suitable for modifying temperatures and humidity that can be adjusted to walls, windows, floors or ceilings, vehicles, and the respective parts of the equipment.

Note: For this report, prepared by CentralAmericaData, data from SIECA were used.

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