Page 23 - TCL International VILLETA BUSINESS PLAN AND FEASABILITY STUDY

The above shows that nearly 60% of the automobiles in the country come
from Japan and South Korea; the latter is gaining the market race. Out of
the first 3 places, South Korea together with Germany, show a market
growth of over 200%. German cars have a higher value. Cars originated
in the last 5 countries except Argentina, show considerable growth, but
still with a small share of the market.

Table 11: Annual Imported Construction Equipment

Loaders, 2013 2014
excavators

New 310 380

Used 350 270

Chinese 470 300

Total 1,130 950
Source: H&S/ CP

Tables 11 and 12 came from a report prepared by a company.
Later data is not available.

Per the Ministry of Public Work and Communications (MOPC), the
government is planning to spend US$ 7.5 billion in the next 5 years
building roads and investing in infrastructure. Hence imports of
heavy equipment will increase. On the other hand, the state owned
Administration of Electricity (ANDE) is planning to spend US$ 7.5
billion in the next 7 years which will result in more valued imports.

Table 12: Annual Imported Agricultural Equipment

Tractors, 2013 2014
harvesters

John Deere 1,070 1,200

New Holland 530 710
Massey
Ferguson 660 530

Jacto 360 390

Case IH 260 270

Used 150 140

Chinese 995 1,290

Total 4,025 4,530
Source: H&S/ CP

Agricultural equipment imports have increased annually. The
numbers for construction and agricultural equipment are
relatively lower than cars and trucks; however, they are high
valued items, some are over a million dollars.

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