Paraguay: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Paraguay

In 2022, the Paraguayan market for vacuum pumps and air or gas compressors increased by 19% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.7% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Paraguay

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from Paraguay; reducing by -42.5% compared with the previous year. Over the period under review, exports showed a mild descent. The pace of growth appeared the most rapid in 2015 with an increase of 178% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 303%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X units), Argentina (X units) and the United States (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Paraguay, together comprising 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Paraguay were Guyana ($X), Brazil ($X) and the United States ($X), together accounting for 89% of total exports. Argentina, Chile, Uruguay and Bolivia lagged somewhat behind, together comprising a further 11%.

Chile, with a CAGR of +35.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, rising by 359% against the previous year. Over the period under review, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guyana ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Paraguay

In 2022, overseas purchases of vacuum pumps and air or gas compressors increased by 56% to X units, rising for the second consecutive year after two years of decline. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of vacuum pumps and air or gas compressors rose markedly to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Paraguay, accounting for a 64% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.9% per year) and the United States (+4.9% per year).

In value terms, China ($X), Brazil ($X) and the United States ($X) appeared to be the largest vacuum pump and air or gas compressor suppliers to Paraguay, together comprising 76% of total imports.

China, with a CAGR of +13.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, declining by -31.8% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2020 when the average import price increased by 45%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform