Paraguay: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Paraguay

In 2022, after two years of growth, there was significant decline in the Paraguayan market for flexible tubes, pipes and hoses of plastics, without fittings, when its value decreased by -17.3% to $X. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.6% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Paraguay

Exports of flexible tubes, pipes and hoses of plastics, without fittings from Paraguay shrank rapidly to X tons in 2022, which is down by -56.7% compared with the previous year. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 6,223%. The exports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings shrank rapidly to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 461% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Argentina (X tons), Brazil (X tons) and Germany (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, without fittings from Paraguay, together comprising 85% of total exports. The Czech Republic, Uruguay, India and Romania lagged somewhat behind, together accounting for a further 15%.

From 2014 to 2022, the biggest increases were recorded for India (with a CAGR of +1,029.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Germany ($X) and Uruguay ($X) were the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from Paraguay worldwide, together accounting for 77% of total exports. Argentina, Romania, India and the Czech Republic lagged somewhat behind, together accounting for a further 23%.

India, with a CAGR of +834.2%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, growing by 58% against the previous year. Overall, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 160% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+58.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Paraguay

In 2022, purchases abroad of flexible tubes, pipes and hoses of plastics, without fittings decreased by -34.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 38% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings contracted to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +13.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Brazil (X tons), Argentina (X tons) and South Korea (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Paraguay, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +64.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Paraguay were Brazil ($X), Argentina ($X) and South Korea ($X), together comprising 78% of total imports.

Among the main suppliers, South Korea, with a CAGR of +66.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, rising by 33% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. 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 South Korea ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform