Paraguay: Pasta Products Market 2024

Pasta Products Market Size in Paraguay

For the fourth consecutive year, the Paraguayan pasta products market recorded growth in sales value, which increased by 0.6% to $X in 2022. In general, consumption showed a prominent expansion. Pasta products consumption peaked in 2022 and is likely to see steady growth in the near future.

Pasta Products Production in Paraguay

In value terms, pasta products production dropped modestly to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The growth pace was the most rapid in 2017 with an increase of 86%. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

Pasta Products Exports

Exports from Paraguay

In 2022, exports of dried, undried and frozen pasta and pasta products from Paraguay skyrocketed to X tons, picking up by 27% compared with the previous year's figure. In general, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 364% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, pasta products exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 191%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for pasta products exports from Paraguay, accounting for a 95% share of total exports. It was followed by Canada (X tons), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+33.0% per year) and the United States (+23.1% per year).

In value terms, Spain ($X) remains the key foreign market for dried, undried and frozen pasta and pasta products exports from Paraguay, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+37.3% per year) and the United States (+17.5% per year).

Export Prices by Country

The average pasta products export price stood at $X per ton in 2022, with an increase of 29% against the previous year. Overall, the export price, however, saw a slight reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($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 Canada (+3.2%), while the prices for the other major destinations experienced a decline.

Pasta Products Imports

Imports into Paraguay

For the third consecutive year, Paraguay recorded growth in overseas purchases of dried, undried and frozen pasta and pasta products, which increased by 13% to X tons in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, pasta products imports surged to $X in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 50%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest pasta products supplier to Paraguay, with a 85% share of total imports. Moreover, pasta products imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold. The third position in this ranking was held by Chile (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+3.2% per year) and Chile (-1.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of dried, undried and frozen pasta and pasta products to Paraguay, comprising 83% of total imports. The second position in the ranking was taken by Chile ($X), with a 5.4% share of total imports. It was followed by Argentina, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+6.7% per year) and Argentina (-2.9% per year).

Import Prices by Country

In 2022, the average pasta products import price amounted to $X per ton, increasing by 28% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform