Paraguay: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Paraguay

In 2022, the Paraguayan market for frozen pig meat other than cuts or carcases increased by 4.7% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Paraguay

In value terms, production of frozen pig meat other than cuts or carcases shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 35%. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Paraguay

In 2022, the amount of frozen pig meat other than cuts or carcases exported from Paraguay plummeted to X tons, waning by -39.4% compared with the previous year. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 108% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of frozen pig meat other than cuts or carcases dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 129% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Paraguay, with a 83% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to Uruguay exceeded the volume sent to the second major destination, Georgia (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay stood at +116.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-66.3% per year) and Russia (-33.9% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Paraguay, comprising 84% of total exports. The second position in the ranking was held by Georgia ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to +95.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-60.6% per year) and Russia (-35.0% per year).

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, increasing by 9.7% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Georgia ($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 Azerbaijan (+55.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Paraguay

In 2022, purchases abroad of frozen pig meat other than cuts or carcases increased by 351% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a abrupt descent. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases soared to $X in 2022. In general, imports, however, showed a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of frozen pig meat other than cuts or carcases to Paraguay, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled -11.1%.

In value terms, Brazil ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Paraguay.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled -13.0%.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, dropping by -15% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +4.5% per year.

Source: IndexBox Platform