Paraguay: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Paraguay

For the third consecutive year, the Paraguayan butter and dairy spreads market recorded decline in sales value, which decreased by -65.4% to $X in 2022. In general, consumption recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Butter And Dairy Spreads in Paraguay

In value terms, butter and dairy spreads production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 45% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Butter And Dairy Spreads

Exports from Paraguay

In 2022, butter and dairy spreads exports from Paraguay surged to X tons, rising by 22% against the previous year's figure. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 119%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, butter and dairy spreads exports soared to $X in 2022. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 320% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Georgia (X tons) was the main destination for butter and dairy spreads exports from Paraguay, accounting for a 78% share of total exports. Moreover, butter and dairy spreads exports to Georgia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), tenfold. The third position in this ranking was held by Syrian Arab Republic (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia amounted to +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+16.7% per year) and Syrian Arab Republic (0.0% per year).

In value terms, Georgia ($X) emerged as the key foreign market for butter and dairy spreads exports from Paraguay, comprising 80% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 7.6% share of total exports. It was followed by Syrian Arab Republic, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia amounted to +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+18.9% per year) and Syrian Arab Republic (0.0% per year).

Export Prices by Country

In 2022, the average butter and dairy spreads export price amounted to $X per ton, growing by 18% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price increased by +43.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 92%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Georgia ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Bolivia ($X per ton) and Syrian Arab Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Paraguay

In 2022, the amount of butter and dairy spreads imported into Paraguay surged to X tons, picking up by 90% on 2021. Overall, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, butter and dairy spreads imports surged to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +137.4% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina (X tons), Russia (X tons) and Brazil (X tons) were the main suppliers of butter and dairy spreads imports to Paraguay, together comprising 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +34.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Russia ($X) and Brazil ($X) constituted the largest butter and dairy spreads suppliers to Paraguay, with a combined 100% share of total imports.

Brazil, with a CAGR of +29.7%, recorded the highest growth rate of the value of imports, in terms of 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 butter and dairy spreads import price amounted to $X per ton, dropping by -1.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Brazil ($X per ton), while the price for Russia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform