Paraguay: Meat And Poultry Market 2024

Meat And Poultry Market Size in Paraguay

The Paraguayan meat and poultry market dropped slightly to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Meat And Poultry Production in Paraguay

In value terms, meat and poultry production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The average yield of meat and poultry in Paraguay totaled X kg per head in 2022, approximately equating the year before. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the average meat and poultry yield remained at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for meat and poultry production in Paraguay; standing approx. at 2021 figures. Over the period under review, the total number of producing animals indicated strong growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for meat and poultry production increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, this number reached the peak level at X heads in 2021, and then declined slightly in the following year.

Meat And Poultry Exports

Exports from Paraguay

In 2022, shipments abroad of meat and poultry increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, meat and poultry exports expanded notably to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for meat and poultry exports from Paraguay, accounting for a X% share of total exports. Moreover, meat and poultry exports to Chile exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Brazil (X% per year).

In value terms, Chile ($X) remains the key foreign market for meat and poultry exports from Paraguay, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Russia ($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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Paraguay

In 2022, after three years of decline, there was significant growth in overseas purchases of meat and poultry, when their volume increased by X% to X tons. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, meat and poultry imports soared to $X in 2022. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), Russia (X tons) and Chile (X tons) were the main suppliers of meat and poultry imports to Paraguay, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and poultry suppliers to Paraguay were Brazil ($X), Russia ($X) and Chile ($X), with a combined X% share of total imports.

Russia, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

The average meat and poultry import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat and poultry import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform