Sunday, 24 May 2020

More Motorcycles from China and India in Central America

QBUSINESS – In 2016 Central American countries imported US$420 million worth of motorcycles, and compared to 2015, purchases from China and India increased by 15% and 10%, respectively.

Figures from the information system on the the Motorcycle market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData:

Main importers
The main importers include Masesa, Suzuki, Agencia y Fábrica Honda, Sava, Elektra, Canella, Cadisa, GMG Comercial, and Motosport, which together account for approximately 45% of regional imports.

Jialing X-Fire. China has more than 200 individual companies producing motorcycles nationally. Image for illustrative purposes.

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Variation of regional imports
Between 2015 and 2016, the value of motorcycle imports in Central America increased by 11%, going from US$379 million in 2015 to US$420 million in 2016.

Imports from China and India increased by 15% and 10% respectively, with purchases in China increasing from US$204 million in 2015 to US$234 million in 2016, and those from India going from US$109 million in 2015 to US$120 million in 2016.

Imports by country
In 2016 the main importer in the region was Guatemala, with $170 million followed by Honduras with US$79 million, Costa Rica with US$71 million, Nicaragua with US$52 million, El Salvador with US$38 million and Panama with US$10 million.

Origin of imports
In 2016, 56% of the value imported from Central America came from China, 29% from India, 3% from the USA, 2% from Japan and 2% from Brazil.

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Q Costa Rica
Q Costa Rica
Reports by QCR staff

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