Paraguay: Butter And Ghee Market 2024

Butter And Ghee Market Size in Paraguay

For the third consecutive year, the Paraguayan butter and ghee market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, saw buoyant growth. Butter and ghee consumption peaked in 2022 and is likely to see gradual growth in years to come.

Butter And Ghee Production in Paraguay

In value terms, butter and ghee production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Butter and ghee production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Butter And Ghee Exports

Exports from Paraguay

In 2022, the amount of butter and ghee exported from Paraguay soared to X tons, increasing by X% on the previous year's figure. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, butter and ghee exports skyrocketed to $X in 2022. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Georgia (X tons) was the main destination for butter and ghee exports from Paraguay, with a X% share of total exports. Moreover, butter and ghee exports to Georgia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), tenfold. Syrian Arab Republic (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2022, the average butter and ghee export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price 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, butter and ghee export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Paraguay

In 2022, approx. X tons of butter and ghee were imported into Paraguay; rising by X% on 2021 figures. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, butter and ghee imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports attained 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 ghee imports to Paraguay, with a combined X% share of total imports. The Netherlands and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest butter and ghee suppliers to Paraguay were Argentina ($X), Russia ($X) and Brazil ($X), together comprising X% of total imports. The Netherlands and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, 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

The average butter and ghee import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform