Paraguay: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Paraguay

The Paraguayan market for chocolate bars with cereals, fruit or nuts was estimated at $X in 2022, picking up by 5% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Paraguay

In value terms, production of chocolate bars with cereals, fruit or nuts expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 63%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Paraguay

In 2022, shipments abroad of chocolate bars with cereals, fruit or nuts decreased by -99.8% to X kg, falling for the second consecutive year after five years of growth. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 1,361%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts contracted rapidly to $X in 2022. Overall, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2016 when exports increased by 903%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X kg) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Paraguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to -45.1%.

In value terms, Brazil ($X) emerged as the key foreign market for chocolate bars with cereals, fruit or nuts exports from Paraguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to -31.3%.

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, growing by 1,961% against the previous year. In general, the export price recorded a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +25.1% per year.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Paraguay

Imports of chocolate bars with cereals, fruit or nuts into Paraguay declined slightly to X tons in 2022, approximately reflecting 2021 figures. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts surged to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest cereal, fruit or nut chocolate bar supplier to Paraguay, accounting for a 56% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+1.6% per year) and Switzerland (+39.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of chocolate bars with cereals, fruit or nuts to Paraguay, comprising 46% of total imports. The second position in the ranking was held by Switzerland ($X), with a 20% share of total imports. It was followed by Argentina, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+44.6% per year) and Argentina (+3.8% per year).

Import Prices by Country

In 2022, the average import price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform