Paraguay: Vegetable Product Market 2024

Vegetable Product Market Size in Paraguay

The Paraguayan vegetable product market was estimated at $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Vegetable Product Production in Paraguay

In value terms, vegetable product production reached $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average yield of vegetable products in Paraguay reduced to X tons per ha, with a decrease of X% compared with 2021 figures. In general, the yield indicated a buoyant increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The vegetable product yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetable products were harvested in Paraguay; approximately equating 2021 figures. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. The vegetable product harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Vegetable Product Exports

Exports from Paraguay

In 2022, shipments abroad of vegetable products was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a deep contraction. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vegetable product exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for vegetable product exports from Paraguay, with a X% share of total exports. Moreover, vegetable product exports to Brazil exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Spain (X% per year).

In value terms, the largest markets for vegetable product exported from Paraguay were Brazil ($X), Guatemala ($X) and Spain ($X), with a combined X% share of total exports.

Among the main countries of destination, Guatemala, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Brazil ($X 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 Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Product Imports

Imports into Paraguay

In 2022, imports of vegetable products into Paraguay skyrocketed to X tons, rising by X% compared with the previous year. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vegetable product imports surged to $X in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Uruguay (X tons) was the main vegetable product supplier to Paraguay, with a approx. X% share of total imports.

From 2015 to 2022, the average annual growth rate of volume from Uruguay amounted to X%.

In value terms, Uruguay ($X) constituted the largest supplier of vegetable products to Paraguay.

From 2015 to 2022, the average annual rate of growth in terms of value from Uruguay amounted to X%.

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Uruguay.

From 2015 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :