Paraguay: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Paraguay

The Paraguayan market for candies, sweets, and nonchocolate confectionery rose to $X in 2022, growing by 3.7% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +99.9% against 2014 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Candies, Sweets, and Nonchocolate Confectionery in Paraguay

In value terms, candy, sweets, and nonchocolate confectionery production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 62%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Paraguay

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery decreased by -48% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2017 with an increase of 513%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports shrank dramatically to $X in 2022. In general, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 446% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Paraguay, accounting for a 79% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Brazil exceeded the volume sent to the second major destination, Canada (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled -22.0%.

In value terms, Brazil ($X) emerged as the key foreign market for candies, sweets, and nonchocolate confectionery exports from Paraguay, comprising 81% of total exports. The second position in the ranking was held by Canada ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to -8.3%.

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, rising by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 149%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export 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 Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+17.5%).

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Paraguay

In 2022, supplies from abroad of candies, sweets, and nonchocolate confectionery increased by 5.9% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery imports soared to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to Paraguay, accounting for a 72% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +2.4%.

In value terms, Brazil ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Paraguay, comprising 66% of total imports. The second position in the ranking was held by Argentina ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +1.2%.

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, growing by 19% against the previous year. In general, the import price, however, saw a mild descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-1.0%).

Source: IndexBox Platform