Report Update: May 1, 2024

Paraguay - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights

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Price for Processed Petroleum Oils and Distillates in Paraguay - 2024

Price for Processed Petroleum Oils and Distillates in Paraguay (CIF) - 2024

The average import price for processed petroleum oils and distillates stood at $962 per ton in January 2024, declining by -5.4% against the previous month. Over the period under review, the import price recorded a mild setback. The pace of growth appeared the most rapid in August 2023 an increase of 4.7% m-o-m. The import price peaked at $1,181 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,581 per ton), while the price for Russia ($732 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Processed Petroleum Oils and Distillates in Paraguay (FOB) - 2022

In 2022, the average export price for processed petroleum oils and distillates amounted to $1,033 per ton, picking up by 3% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 203% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($5,806 per ton), while the average price for exports to the United States ($240 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates in Paraguay

Processed petroleum oils and distillates imports into Paraguay soared to 1.1M tons in 2022, growing by 50% against the previous year's figure. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, processed petroleum oils and distillates imports surged to $775M in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 113% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Processed Petroleum Oils and Distillates in Paraguay (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	141	71.9	184	358	36.4%
Argentina	53.9	56.2	136	140	37.5%
Switzerland	20.2	33.9	33.3	40.9	26.5%
Oman	1.0	7.6	12.0	40.7	244.0%
Brazil	11.0	10.4	24.3	36.7	49.4%
Russia	1.7	1.5	3.1	29.3	158.3%
Netherlands	57.0	7.7	29.9	28.1	-21.0%
Qatar	2.0	6.3	14.7	14.0	91.3%
Kuwait	1.9	3.3	10.2	9.6	71.6%
Venezuela	7.7	8.0	10.1	8.3	2.5%
Others	26.2	35.6	57.9	69.7	38.6%
Total	324	242	516	775	33.7%

Top Suppliers of Processed Petroleum Oils and Distillates to Paraguay in 2022:

United States (427.3K tons)
Argentina (186.5K tons)
Venezuela (172.1K tons)
Switzerland (56.9K tons)
Oman (54.8K tons)
Netherlands (42.9K tons)
Russia (34.0K tons)
Qatar (28.9K tons)
Brazil (28.2K tons)
Kuwait (19.9K tons)

Exports of Processed Petroleum Oils and Distillates in Paraguay

In 2022, shipments abroad of processed petroleum oils and distillates decreased by -14.2% to 29 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 4.6% against the previous year. As a result, the exports attained the peak of 2.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, processed petroleum oils and distillates exports declined to $30K in 2022. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 4.5% against the previous year. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Processed Petroleum Oils and Distillates in Paraguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bolivia	991	1,173	29.6	26.1	-70.2%
Argentina	298	163	2.3	2.7	-79.2%
United States	15.7	34.6	0.9	0.9	-61.4%
Uruguay	94.9	89.9	1.0	0.2	-87.2%
Others	5.6	8.8	0.1	0.2	-67.1%
Total	1,406	1,469	34.0	30.1	-72.2%

Top Export Markets for Processed Petroleum Oils and Distillates from Paraguay in 2022:

Bolivia (22.3 tons)
United States (3.6 tons)
Argentina (3.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Paraguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Paraguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Paraguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023