Paraguay: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Paraguay

In 2022, the Paraguayan brakes and servo-brakes market increased by 19% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +57.1% against 2020 indices. Brakes and servo-brakes consumption peaked in 2022 and is expected to retain growth in the near future.

Brakes And Servo-Brakes Exports

Exports from Paraguay

In 2022, exports of brakes and servo-brakes from Paraguay skyrocketed to X tons, picking up by 2,260% compared with 2021 figures. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, brakes and servo-brakes exports soared to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2016 when exports increased by 9,926% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for brakes and servo-brakes exports from Paraguay, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +29.5%.

In value terms, Brazil ($X) also remains the key foreign market for brakes and servo-brakes exports from Paraguay.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +33.5%.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, waning by -42.9% against the previous year. In general, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 928%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +3.1% per year.

Brakes And Servo-Brakes Imports

Imports into Paraguay

In 2022, purchases abroad of brakes and servo-brakes increased by 11% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, brakes and servo-brakes imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +63.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Brazil (X tons) and South Korea (X tons) were the main suppliers of brakes and servo-brakes imports to Paraguay, together comprising 78% of total imports. Turkey, Hong Kong SAR, Germany, Japan, Argentina and Taiwan (Chinese) lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +41.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and South Korea ($X) appeared to be the largest brakes and servo-brakes suppliers to Paraguay, together accounting for 64% of total imports. Japan, Germany, Turkey, Taiwan (Chinese), Hong Kong SAR and Argentina lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Turkey, with a CAGR of +35.1%, saw the highest rates of growth with regard to the value of imports, 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 brakes and servo-brakes import price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2019 an increase of 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform