Paraguay: Amino-Resin Market 2024

Amino-Resin Market Size in Paraguay

The Paraguayan amino-resin market skyrocketed to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion 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 increased by X% against 2020 indices. Amino-resin consumption peaked in 2022 and is likely to see steady growth in the near future.

Amino-Resin Exports

Exports from Paraguay

In 2022, exports of amino-resins, phenolic resins and polyurethanes (in primary forms) from Paraguay shrank remarkably to X tons, with a decrease of X% compared with the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports shrank sharply to $X in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for amino-resin exports from Paraguay, with a X% share of total exports. Moreover, amino-resin exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to X%.

In value terms, Brazil ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Paraguay, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled X%.

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Brazil ($X per ton), while the average price for exports to Uruguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced a decline.

Amino-Resin Imports

Imports into Paraguay

Amino-resin imports into Paraguay amounted to X tons in 2022, increasing by X% on 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, amino-resin imports soared to $X in 2022. In general, total imports indicated a strong 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the main amino-resin supplier to Paraguay, accounting for a X% share of total imports. Moreover, amino-resin imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Panama (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Panama (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Paraguay, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Panama (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform