Report Update Nov 1, 2024

Paraguay - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights

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Paraguay: Smart Card Market 2024

Smart Card Market Size in Paraguay

The Paraguayan smart card market fell modestly to $X in 2022, declining by -1.9% against the previous year. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Smart Card Production in Paraguay

In value terms, smart card production contracted to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 111%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Smart Card Exports

Exports from Paraguay

In 2022, smart card exports from Paraguay skyrocketed to X units, growing by 29% compared with the year before. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 22,590%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, smart card exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 21,271% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Argentina (X units) was the main destination for smart card exports from Paraguay, accounting for a 98% share of total exports. It was followed by Chile (X units), with a 1.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at +236.4%.

In value terms, Argentina ($X) remains the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Paraguay, comprising 99% of total exports. The second position in the ranking was held by Chile ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at +248.3%.

Export Prices by Country

The average smart card export price stood at $X per unit in 2022, shrinking by -2.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2021, and then dropped modestly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Argentina totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Smart Card Imports

Imports into Paraguay

In 2022, imports of cards incorporating an electronic integrated circuit (smart card) into Paraguay declined to X units, waning by -9% against the previous year's figure. Overall, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 147% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, smart card imports dropped to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 105%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Argentina (X units), China (X units) and Brazil (X units) were the main suppliers of smart card imports to Paraguay, with a combined 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +88.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest smart card suppliers to Paraguay were Argentina ($X), China ($X) and Brazil ($X), together comprising 69% of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +85.7%, recorded 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 smart card import price amounted to $X per unit, dropping by -5% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the smart card market in Paraguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26123000 - Smart cards

Country coverage:

Paraguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Paraguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023