Paraguay: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Paraguay

In 2022, the Paraguayan broom, brush, and mop market decreased by -6.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Broom, brush, and mop consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Brooms, Brushes, And Mops in Paraguay

In value terms, broom, brush, and mop production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -24.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. Broom, brush, and mop production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Brooms, Brushes, And Mops

Exports from Paraguay

In 2022, overseas shipments of brooms, brushes, and mops increased by 343% to X units, rising for the second consecutive year after three years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 540%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, broom, brush, and mop exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,310%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Brazil (X units) was the main destination for broom, brush, and mop exports from Paraguay, with a 90% share of total exports. Moreover, broom, brush, and mop exports to Brazil exceeded the volume sent to the second major destination, Chile (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+36.5% per year) and Uruguay (+13.3% per year).

In value terms, Brazil ($X) remains the key foreign market for brooms, brushes, and mops exports from Paraguay, comprising 96% of total exports. The second position in the ranking was held by Chile ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +74.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+40.4% per year) and Uruguay (+33.5% per year).

Export Prices by Country

In 2022, the average broom, brush, and mop export price amounted to $X per unit, picking up by 11% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 120% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Chile ($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 Uruguay (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brooms, Brushes, And Mops

Imports into Paraguay

In 2022, supplies from abroad of brooms, brushes, and mops increased by 1.3% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports saw a temperate increase. The pace of growth appeared the most rapid in 2017 when imports increased by 23%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, broom, brush, and mop imports rose modestly to $X in 2022. In general, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil (X units), China (X units) and Vietnam (X units) were the main suppliers of broom, brush, and mop imports to Paraguay, with a combined 76% share of total imports. Guatemala, France, Thailand, Argentina, Uruguay, Mexico and the United States lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +52.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of brooms, brushes, and mops to Paraguay, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Uruguay, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.3% per year) and Uruguay (+3.5% per year).

Import Prices by Country

The average broom, brush, and mop import price stood at $X per unit in 2022, growing by 1.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. Over the period under review, average import prices hit record highs at $X per unit in 2020; afterwards, it flattened through to 2022.

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 Uruguay ($X per unit), while the price for Thailand ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform