Paraguay: Carpet Market 2024

Carpet Market Size in Paraguay

The Paraguayan carpet market rose remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Carpet Production in Paraguay

In value terms, carpet production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Carpet Exports

Exports from Paraguay

In 2022, overseas shipments of carpets and other textile floor coverings decreased by X% to X square meters, falling for the third year in a row after six years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, carpet exports fell rapidly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X square meters), Uruguay (X square meters) and Bolivia (X square meters) were the main destinations of carpet exports from Paraguay, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Uruguay ($X) and Bolivia ($X) were the largest markets for carpet exported from Paraguay worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Uruguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, falling by X% against the previous year. Overall, the export price recorded a deep setback. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per square meter), while the average price for exports to Colombia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced mixed trend patterns.

Carpet Imports

Imports into Paraguay

In 2022, the amount of carpets and other textile floor coverings imported into Paraguay shrank remarkably to X square meters, with a decrease of X% compared with the previous year. In general, imports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, carpet imports declined rapidly to $X in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest carpet supplier to Paraguay, accounting for a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X square meters), sevenfold. The third position in this ranking was taken by India (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Paraguay, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the import price saw a slight increase. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 China ($X per square meter), while the price for Argentina ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform