Paraguay: Groundnuts Market 2025

Groundnuts Market Size in Paraguay

The Paraguayan groundnuts market shrank slightly to $X in 2022, remaining constant against the previous year. Overall, consumption saw a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Groundnuts Production in Paraguay

In value terms, groundnuts production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable slump. The growth pace was the most rapid in 2013 with an increase of 11%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of ground-nut (in-shell) in Paraguay was estimated at X tons per ha in 2022, approximately mirroring the year before. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by 18% against the previous year. The groundnuts yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of ground-nut (in-shell) production in Paraguay declined slightly to X ha, remaining stable against the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by 2.7%. The groundnuts harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Groundnuts Exports

Exports from Paraguay

For the ninth year in a row, Paraguay recorded growth in overseas shipments of ground-nut (in-shell), which increased by 0.5% to X tons in 2022. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 132% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, groundnuts exports amounted to $X in 2022. In general, exports posted a strong increase. The growth pace was the most rapid in 2020 when exports increased by 92% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons) was the main destination for groundnuts exports from Paraguay, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at +34.9%.

In value terms, Canada ($X) also remains the key foreign market for ground-nut (in-shell) exports from Paraguay.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +27.0%.

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, flattening at the previous year. Overall, the export price showed a mild setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 1.2% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -5.8% per year.

Groundnuts Imports

Imports into Paraguay

In 2021, the amount of ground-nut (in-shell) imported into Paraguay totaled X tons, therefore, remained relatively stable against the previous year's figure. Overall, imports showed a significant increase. The growth pace was the most rapid in 2016 with an increase of 103% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, groundnuts imports stood at $X in 2021. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 24%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of groundnuts to Paraguay, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Argentina was relatively modest.

In value terms, Argentina ($X) constituted the largest supplier of ground-nut (in-shell) to Paraguay.

From 2012 to 2021, the average annual growth rate of value from Argentina was relatively modest.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -2.7% per year.

Source: IndexBox Platform