Paraguay: Confectionery Market 2024

Confectionery Market Size in Paraguay

The Paraguayan confectionery market expanded to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Confectionery Production in Paraguay

In value terms, confectionery production reached $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Confectionery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Confectionery Exports

Exports from Paraguay

In 2022, overseas shipments of confectionery decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, recorded measured growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, confectionery exports fell remarkably to $X in 2022. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for confectionery exports from Paraguay, accounting for a X% share of total exports. Moreover, confectionery exports to Canada exceeded the volume sent to the second major destination, Spain (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Brazil (X% per year).

In value terms, the largest markets for confectionery exported from Paraguay were Brazil ($X), Canada ($X) and Spain ($X).

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average confectionery export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

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

Confectionery Imports

Imports into Paraguay

In 2022, supplies from abroad of confectionery increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, confectionery imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked 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 supplier of confectionery to Paraguay, with a X% share of total imports. Moreover, confectionery imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold.

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

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

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

Import Prices by Country

In 2022, the average confectionery import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a slight descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Chile ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform