Paraguay: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Paraguay

In 2022, after two years of growth, there was significant decline in the Paraguayan trailer and semi-trailer market, when its value decreased by -36% to $X. Over the period under review, consumption recorded a slight descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Trailer And Semi-Trailer Exports

Exports from Paraguay

For the third year in a row, Paraguay recorded growth in overseas shipments of cargo trailers and semi-trailers, which increased by 117% to X units in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 650%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, trailer and semi-trailer exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 15,137% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uruguay (X units) was the main destination for trailer and semi-trailer exports from Paraguay, accounting for a 85% share of total exports. Moreover, trailer and semi-trailer exports to Uruguay exceeded the volume sent to the second major destination, Brazil (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Chile (0.0% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for cargo trailers and semi-trailers exports from Paraguay, comprising 58% of total exports. The second position in the ranking was taken by Chile ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+38.7% per year) and Brazil (-3.5% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, waning by -45.9% against the previous year. Overall, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,932%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Uruguay ($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 Spain (+599.8%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Paraguay

In 2022, overseas purchases of cargo trailers and semi-trailers decreased by -26.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer imports declined remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2021 when imports increased by 128% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, Brazil (X units) constituted the largest trailer and semi-trailer supplier to Paraguay, with a 56% share of total imports. Moreover, trailer and semi-trailer imports from Brazil exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. The Netherlands (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+21.3% per year) and the Netherlands (-0.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of cargo trailers and semi-trailers to Paraguay, comprising 94% of total imports. The second position in the ranking was held by the United States ($X), with a 2% share of total imports. It was followed by Argentina, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.6% per year) and Argentina (-14.1% per year).

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, dropping by -17.4% against the previous year. Over the period under review, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2013 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform