Paraguay: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Paraguay

After three years of decline, the Paraguayan market for mattresses of cellular rubber or plastics increased by 7.3% to $X in 2022. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.4% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Mattresses of cellular rubber or plastics in Paraguay

In value terms, production of mattresses of cellular rubber or plastics contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports from Paraguay

In 2022, exports of mattresses of cellular rubber or plastics from Paraguay dropped significantly to X units, with a decrease of -26.6% compared with the previous year. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 118%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of mattresses of cellular rubber or plastics soared to $X in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 95%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Paraguay, with a 89% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to Uruguay exceeded the volume sent to the second major destination, Bolivia (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+14.7% per year) and Brazil (-42.4% per year).

In value terms, Uruguay ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from Paraguay, comprising 89% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+16.6% per year) and Brazil (-41.4% per year).

Export Prices by Country

The average export price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, rising by 78% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into Paraguay

In 2022, approx. X units of mattresses of cellular rubber or plastics were imported into Paraguay; with an increase of 30% against the previous year. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +30.7% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 106%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mattresses of cellular rubber or plastics soared to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +58.0% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 103% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Paraguay, with a 51% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. Switzerland (X units) ranked third in terms of total imports with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.0% per year) and Switzerland (+6,300.0% per year).

In value terms, China ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Paraguay, comprising 51% of total imports. The second position in the ranking was held by Brazil ($X), with a 23% share of total imports. It was followed by Switzerland, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.1% per year) and Switzerland (+6,571.7% per year).

Import Prices by Country

The average import price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, growing by 4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 16% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform