Paraguay: Cotton Lint Market 2024

Cotton Lint Market Size in Paraguay

The Paraguayan cotton lint market expanded notably to $X in 2022, picking up by 7% against the previous year. In general, consumption saw strong growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cotton Lint Production in Paraguay

In value terms, cotton lint production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 90%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of cotton lint in Paraguay rose remarkably to X tons per ha in 2022, picking up by 15% against 2021 figures. Overall, the yield saw buoyant growth. The growth pace was the most rapid in 2019 with an increase of 95% against the previous year. Over the period under review, the average cotton lint yield hit record highs at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cotton lint production in Paraguay contracted to X ha, remaining stable against the previous year. In general, the harvested area continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1.7%. Over the period under review, the harvested area dedicated to cotton lint production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Cotton Lint Exports

Exports from Paraguay

For the fifth year in a row, Paraguay recorded growth in shipments abroad of cotton lint, which increased by 13% to X tons in 2022. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 34%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cotton lint exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 77% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for cotton lint exports from Paraguay, with a 68% share of total exports. Moreover, cotton lint exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. The third position in this ranking was held by Bangladesh (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-16.8% per year) and Bangladesh (+13.9% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for cotton lint exports from Paraguay, comprising 66% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 17% share of total exports. It was followed by Indonesia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+20.9% per year) and Indonesia (-11.8% per year).

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, surging by 39% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint export price increased by +91.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bangladesh ($X per ton) and Germany ($X per ton), while the average price for exports to Indonesia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Paraguay

In 2022, approx. X tons of cotton lint were imported into Paraguay; declining by -89.4% against the year before. Over the period under review, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2016 when imports increased by 87%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports declined notably to $X in 2022. In general, imports faced a precipitous contraction. The growth pace was the most rapid in 2016 when imports increased by 98% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of cotton lint to Paraguay, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to -31.0%.

In value terms, Brazil ($X) constituted the largest supplier of cotton lint to Paraguay.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to -28.4%.

Import Prices by Country

The average cotton lint import price stood at $X per ton in 2022, rising by 68% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint import price increased by +114.9% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, 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 +3.7% per year.

Source: IndexBox Platform