Paraguay: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Paraguay

The Paraguayan market for gingerbread, sweet biscuits and waffles rose sharply to $X in 2022, increasing by 5.8% against the previous year. In general, the total consumption indicated a prominent increase 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 +8.1% against 2019 indices. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Paraguay

In value terms, gingerbread, sweet biscuit and waffle production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.0% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 41% against the previous year. Gingerbread, sweet biscuit and waffle production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Paraguay

Gingerbread, sweet biscuit and waffle exports from Paraguay soared to X tons in 2022, rising by 694% compared with the previous year. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X tons), Uruguay (X tons) and Venezuela (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Paraguay, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +65.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bolivia ($X), Uruguay ($X) and Venezuela ($X) appeared to be the largest markets for gingerbread, sweet biscuit and waffle exported from Paraguay worldwide, with a combined 98% share of total exports.

Bolivia, with a CAGR of +64.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, falling by -4.4% against the previous year. Overall, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Uruguay ($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 Venezuela (+82.7%), while the prices for the other major destinations experienced a decline.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Paraguay

In 2022, gingerbread, sweet biscuit and waffle imports into Paraguay rose significantly to X tons, surging by 13% on the year before. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +26.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle imports surged to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Paraguay, accounting for a 67% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Chile (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+3.1% per year) and Chile (-2.4% per year).

In value terms, the largest gingerbread, sweet biscuit and waffle suppliers to Paraguay were Brazil ($X), Argentina ($X) and Chile ($X), with a combined 94% share of total imports.

Brazil, with a CAGR of +5.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, picking up by 16% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Chile ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform