Paraguay: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Paraguay

The Paraguayan market for floor, wall or ceiling coverings of plastics rose remarkably to $X in 2022, surging by 6.3% against the previous year. Overall, consumption saw a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Paraguay

In value terms, production of floor, wall or ceiling coverings of plastics rose sharply to $X in 2022 estimated in export price. In general, production recorded resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 55%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Paraguay

In 2022, overseas shipments of floor, wall or ceiling coverings of plastics increased by 39% to X square meters for the first time since 2019, thus ending a two-year declining trend. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 1,157% against the previous year. Over the period under review, the exports of hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,962%. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Paraguay, with a 94% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Brazil exceeded the volume sent to the second major destination, Ecuador (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +19.0%.

In value terms, Brazil ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Paraguay, comprising 95% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +20.3%.

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, increasing by 34% against the previous year. Over the period under review, export price indicated a modest expansion 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, export price for floor, wall or ceiling coverings of plastics increased by +36.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 64%. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per square meter), while the average price for exports to Ecuador amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+8.6%).

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Paraguay

In 2022, supplies from abroad of floor, wall or ceiling coverings of plastics decreased by -0.1% to X square meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Imports peaked at X square meters in 2021, and then dropped modestly in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics reached $X in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X square meters), Brazil (X square meters) and South Korea (X square meters) were the main suppliers of imports of floor, wall or ceiling coverings of plastics to Paraguay, together accounting for 79% of total imports. Argentina, Germany, the United States, Belgium and India lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +52.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Paraguay were China ($X), Brazil ($X) and South Korea ($X), together accounting for 78% of total imports. Germany, Argentina, the United States, Belgium and India lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, Argentina, with a CAGR of +36.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, picking up by 5.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter 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 India ($X per square meter), while the price for the United States ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform