Paraguay: Powdered Milk Market 2024

Powdered Milk Market Size in Paraguay

The Paraguayan powdered milk market skyrocketed to $X in 2022, increasing by 15% against the previous year. In general, consumption, however, showed a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Powdered Milk Production in Paraguay

In value terms, powdered milk production expanded markedly to $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The growth pace was the most rapid in 2019 when the production volume increased by 105%. Powdered milk production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Powdered Milk Exports

Exports from Paraguay

In 2022, the amount of powdered milk exported from Paraguay soared to X tons, growing by 46% on the previous year's figure. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2013 when exports increased by 1,169% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, powdered milk exports skyrocketed to $X in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,490%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Brazil (X tons) was the main destination for powdered milk exports from Paraguay, with a 69% share of total exports. Moreover, powdered milk exports to Brazil exceeded the volume sent to the second major destination, Lebanon (X tons), sixfold. Bolivia (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+28.1% per year) and Bolivia (+27.1% per year).

In value terms, Brazil ($X) remains the key foreign market for powdered milk exports from Paraguay, comprising 70% of total exports. The second position in the ranking was taken by Lebanon ($X), with an 11% share of total exports. It was followed by Bolivia, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +45.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+30.5% per year) and Bolivia (+28.3% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, rising by 16% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +20.6% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 37%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Dominican Republic ($X per ton) and Brazil ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Gabon ($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 Cameroon (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Paraguay

After four years of decline, supplies from abroad of powdered milk increased by 32% to X tons in 2022. Overall, imports, however, saw a precipitous slump. The pace of growth was the most pronounced in 2017 with an increase of 126% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered milk imports surged to $X in 2022. In general, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 162%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of powdered milk to Paraguay, with a 66% share of total imports. Moreover, powdered milk imports from Argentina exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled -21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-8.8% per year) and France (+113.2% per year).

In value terms, Argentina ($X) constituted the largest supplier of powdered milk to Paraguay, comprising 69% of total imports. The second position in the ranking was held by Uruguay ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled -21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-7.4% per year) and France (+133.2% per year).

Import Prices by Country

In 2022, the average powdered milk import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by +54.0% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 35%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform