Published: Last 6 Months Region: All Regions Central America -
Analysis by Region - Emerging Markets - Belize
Analysis by Region - Emerging Markets - Belize We have nudged up our 2025 GDP growth forecast for Belize by 0.2ppts to 2.8% driven by the country's favourable conditions for business processing outsourcing. This has resulted in a reduction of the unemployment rate to a record low of 3.3% and inc ... Read More
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Staple Foods in Costa Rica
Staple Foods in Costa Rica Following a series of disruptions, including COVID-19, the container crisis, war in Ukraine and Israel, the surge in international raw material prices, the hacking of the country’s customs systems, the collapse of national ports, as well as periods of economic instability ... Read More
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Processed Fruit and Vegetables in Costa Rica
Processed Fruit and Vegetables in Costa Rica Retail volume sales of processed fruit and vegetables experienced a further increase in 2024. While fresh produce offers its own benefits, frozen fruit and vegetables are the preferred choice for many consumers seeking nutritious food that delivers conven ... Read More
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Breakfast Cereals in Costa Rica
Breakfast Cereals in Costa Rica As price-sensitive consumers continue to seek savings in 2024, bag packaging has become increasingly popular in breakfast cereals in Costa Rica. Bagged options for lower-cost brands like the private brand Suli (1,200g) and Jacks (500g) are well known by consumers, but ... Read More
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Analysis by Region - Emerging Markets - Panama
Analysis by Region - Emerging Markets - Panama We raised our 2025 GDP growth forecast for Panama by 0.2ppts to 3.2%. This upgrade accounts for the key infrastructure projects set to boost fixed investment both this year and next, which will make domestic demand the primary engine of short-term growt ... Read More
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Processed Meat, Seafood and Alternatives To Meat in Costa Rica
Processed Meat, Seafood and Alternatives To Meat in Costa Rica Chilled processed red meat continues to grow in popularity in Costa Rica in 2024, with a variety of flavour options available in modern grocery retailers across the country to cater to diverse consumer preferences. Many consumers appreci ... Read More
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Rice, Pasta and Noodles in Costa Rica
Rice, Pasta and Noodles in Costa Rica In November 2023, due to a decline in national rice production, Costa Rica increasingly imported rice from South American countries, which face upward pressure from the restrictions imposed by India, one of the world’s largest rice producers. Over the past decad ... Read More
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Baked Goods in Costa Rica
Baked Goods in Costa Rica On-site bakeries in Fresh Market convenience stores, Automercado supermarkets, PriceSmart warehouse clubs and Wal Mart stores have become increasingly innovative, expanding their offerings to meet evolving consumer preferences in 2024. Automercado, for instance, offers sour ... Read More
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Staple Foods in Panama
Staple Foods in Panama Retail volume sales of staple foods rose in 2024 although performances varied across categories, depending on the level of price increases and whether the category was subject to extended government price controls to maintain affordability and consumption. Price sensitive cons ... Read More
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Cooking Ingredients and Meals in Panama
Cooking Ingredients and Meals in Panama In 2024 cooking ingredients and meals performed well, despite several challenges, including drought in the Panama Canal, which caused an increase in transit times, reduced container productivity and led to product shortages and price hikes. As a result, many c ... Read More
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Analysis by Region - Emerging Markets - Honduras
Analysis by Region - Emerging Markets - Honduras We have lowered our 2025 GDP growth for Honduras by 0.7ppts to 3.1% y/y, as we expect negative impacts on confidence, investment, and exports after the Supreme Court ruled ZEDE special economic zones unconstitutional. The zones had increased FDI attra ... Read More
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Cooking Ingredients and Meals in El Salvador
Cooking Ingredients and Meals in El Salvador Sales of cooking ingredients and meals rose marginally in volume terms in 2024. Despite a drop in inflation, external issues such as soaring freight prices, led to price hikes on end products and subsequently to ongoing consumer price sensitivity. This in ... Read More
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Analysis by Region - Emerging Markets - Guatemala
Analysis by Region - Emerging Markets - Guatemala We have upgraded our 2025 GDP growth forecast by 0.5ppts to 4.1% y/y largely due to carry-over from stronger growth this year, which we now expect to rise by 1.2ppts to 4.3% y/y. Exports and investment have bounced back strongly after the El Niñ ... Read More
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Analysis by Region - Emerging Markets - Nicaragua
Analysis by Region - Emerging Markets - Nicaragua We’ve raised our GDP growth forecast for Nicaragua by 0.8 ppts to 3.2% for this year, but we’ve cut our 2025 projection by 0.6 ppts to 1.6%. We expect that private consumption and investment will drive the economic slowdown next year amid slowing dow ... Read More
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Analysis by Region - Emerging Markets - El Salvador
Analysis by Region - Emerging Markets - El Salvador We’ve cut our 2025 GDP growth forecast for El Salvador by 0.1 ppt to 1.9%. President Bukele's plan to reduce expenditures through layoffs and decreased transfers will weigh on household expenditures and government consumption next year. Althoug ... Read More
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Sauces, Dips and Condiments in Costa Rica
Sauces, Dips and Condiments in Costa Rica Ketchup has remained the single biggest contributor to total sauces, dips and condiments retail volume sales in Costa Rica in 2024. Despite being comparatively mature, it is also projected to register the fastest growth in this respect for the entire year. R ... Read More
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Meals and Soups in Costa Rica
Meals and Soups in Costa Rica As busier lifestyles leave less time for cooking, meals and soups in Costa Rica has continued to perform well in 2024, with all categories expanding in retail volume terms. Following the steep drop in inflation in 2023, improvements in confidence and purchasing power am ... Read More
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Edible Oils in Costa Rica
Edible Oils in Costa Rica Olive oil is set to be the most dynamic performer within edible oils in Costa Rica in current value growth terms in 2024. However, this is almost entirely due to substantial price hikes, with the category poised to record a steep decline in retail volume sales. Pricing pres ... Read More
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Sweet Spreads in Costa Rica
Sweet Spreads in Costa Rica Honey is predicted to be the most dynamic performer within sweet spreads in Costa Rica in current value growth terms in 2024, and also looks set to post above-average growth in retail volume sales. Rising health-consciousness among the population has continued to buoy dem ... Read More
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Cooking Ingredients and Meals in Costa Rica
Cooking Ingredients and Meals in Costa Rica Cooking ingredients and meals in Costa Rica has performed impressively in 2024, with retail volume and current value growth rates set to surpass those recorded in 2023. The upturn has been most pronounced in volume terms, as pricing pressures fuelled by th ... Read More
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Cooking Ingredients and Meals in Honduras
Cooking Ingredients and Meals in Honduras Cooking ingredients and meals registered value sales growth across the market in 2024 due to rising prices while volume sales growth was modest. Inflationary pressures encouraged consumers to seek out lower priced options such as private label and stand-up p ... Read More
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Sweet Spreads in Guatemala
Sweet Spreads in Guatemala The range of marmalade flavours available in Guatemala has grown substantially in recent years, catering to consumers who seek diverse flavour profiles and brand options. Higher-income consumers, in particular, benefit from this expanding selection, with choices including ... Read More
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Meals and Soups in Guatemala
Meals and Soups in Guatemala Higher-income consumers in Guatemala, particularly those with access to home freezers, are increasingly seeking frozen meals that offer international flavours in 2024. These consumers enjoy exploring new cuisines, often choosing imported products to experience American a ... Read More
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Edible Oils in Guatemala
Edible Oils in Guatemala Given the long shelf life of edible oils, brands are capitalising on this feature by offering consumers the option to buy in bulk. In 2024, this trend is especially evident in warehouse clubs like PriceSmart, which offers significant savings on high-volume bottles of both pr ... Read More
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Sauces, Dips and Condiments in Guatemala
Sauces, Dips and Condiments in Guatemala With Guatemalan consumers facing increasingly busy lifestyles, the demand for convenient, time-saving kitchen products is on the rise in 2024. Ready-made sauces packaged in stand-up pouches have gained popularity due to their long shelf life and ease of use, ... Read More
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