Paraguay: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Paraguay

In 2022, the Paraguayan market for fork-lift trucks and other industrial works trucks and tractors decreased by -3.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a strong increase. As a result, consumption attained the peak level of $X, and then fell in the following year.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from Paraguay

In 2022, shipments abroad of fork-lift trucks and other industrial works trucks and tractors decreased by -35.5% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 400% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then shrank markedly in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors stood at $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 2,188%. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X units), Bolivia (X units) and Brazil (X units) were the main destinations of exports of fork-lift trucks and other industrial works trucks and tractors from Paraguay, together comprising 15% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for forklift truck and industrial works truck exported from Paraguay were Spain ($X), Brazil ($X) and Bolivia ($X), together accounting for 96% of total exports.

Among the main countries of destination, Spain, with a CAGR of +181.7%, recorded the highest growth rate of the value of exports, 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 fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, jumping by 56% against the previous year. In general, the export price, however, recorded a dramatic contraction. The export price peaked at $X per unit in 2013; however, from 2014 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 Brazil ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+15.7%), while the prices for the other major destinations experienced a decline.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into Paraguay

In 2022, purchases abroad of fork-lift trucks and other industrial works trucks and tractors decreased by -7.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 329% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2022. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Brazil (X units) and Taiwan (Chinese) (X units) were the main suppliers of imports of fork-lift trucks and other industrial works trucks and tractors to Paraguay, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +33.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of fork-lift trucks and other industrial works trucks and tractors to Paraguay, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Brazil, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.4% per year) and Brazil (+7.6% per year).

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, increasing by 40% against the previous year. Overall, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when the average import price increased by 91%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform