Paraguay: Lift And Hoist Market 2024

Lift And Hoist Market Size in Paraguay

In 2022, the Paraguayan lift and hoist market increased by 4% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Lift and hoist consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Lift And Hoist Exports

Exports from Paraguay

In 2022, approx. X units of lifts and hoists were exported from Paraguay; picking up by 25% compared with 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,100% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift and hoist exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 1,032%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil (X units) was the main destination for lift and hoist exports from Paraguay, accounting for a 60% share of total exports. Moreover, lift and hoist exports to Brazil exceeded the volume sent to the second major destination, Guyana (X units), threefold.

From 2017 to 2022, the average annual rate of growth in terms of volume to Brazil stood at +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (0.0% per year) and Uruguay (-20.6% per year).

In value terms, Brazil ($X) emerged as the key foreign market for lifts and hoists exports from Paraguay, comprising 94% of total exports. The second position in the ranking was held by Uruguay ($X), with a 3% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Brazil amounted to +2,240.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-35.3% per year) and Guyana (0.0% per year).

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, surging by 514% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1,460.5%), while the prices for the other major destinations experienced mixed trend patterns.

Lift And Hoist Imports

Imports into Paraguay

After two years of decline, supplies from abroad of lifts and hoists increased by 8.4% to X units in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lift and hoist imports rose slightly to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +3.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of lift and hoist to Paraguay, with a 56% share of total imports. Moreover, lift and hoist imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Spain (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and Spain (+18.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of lifts and hoists to Paraguay, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Spain, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.4% per year) and Spain (+14.4% per year).

Import Prices by Country

The average lift and hoist import price stood at $X per unit in 2022, declining by -6% against the previous year. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of 7.6% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Brazil ($X per unit), while the price for Spain ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform