Infant Formula: How is the Regional Market Performing?
During 2020, Central American imports of infant formula for infant feeding packaged for retail sale totaled $134 million, an amount that is 9% lower than the amount reported in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData:

Click to interact with the graph

Explore the data in the interactive display.

Change in Regional Business
Between 2019 and 2020, the imported volume of infant formula registered a 4% rise, increasing from 28 thousand tons to 29 thousand tons.

In contrast to the volume traded, for the periods in question, the value of imports fell by 9%, from $147 million to $134 million.

Panama, Main Buyer
In 2020, the main importer of infant formula in Central America was Panama with $33 million, followed by Nicaragua with $31 million, Guatemala with $28 million, El Salvador with $21 million, Costa Rica with $11 million and Honduras with $10 million.

Regarding the year-on-year variation of purchases, El Salvador was the only country that increased its imports in 2020, reporting a 7% variation.

Guatemala reduced its purchases by 6%, Panama by 8%, Nicaragua by 10%, Costa Rica by 21% and Honduras by 23%.

Mexico, Main Supplier to the Region
Last year, 54% of the value imported from Central America came from Mexico, 10% from Chile, 8% from Ireland, 7% from the Panama Free Trade Zone, 5% from Denmark, 4% from the Netherlands, 3% from Poland and 1% from Spain.

Mexico is the market of origin of imports that has grown the most in recent years, as in 2017 it represented 38% of total purchases and in 2020 that proportion rose to 54%.

Do you know that we are now part of something bigger?
Learn about PREDIK Data-Driven, our new global brand.

← Browse more reports
Last Name*
Telephone (choose your Country):*

Size of the Company:*
Yes, I want to receive a call from a salesperson*
this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2021 ©
Trade InteligenceWho we areContact Us