Paraguay: Mixed Juices Market 2024

Mixed Juices Market Size in Paraguay

The Paraguayan mixed juices market shrank slightly to $X in 2022, falling by -3.1% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mixed juices consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Mixed Juices Production in Paraguay

In value terms, mixed juices production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22%. Mixed juices production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports from Paraguay

In 2022, shipments abroad of mixtures of fruit and vegetable juices increased by 97% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 27,843%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, mixed juices exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 36,394% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Brazil (X tons) and Chile (X tons) were the main destinations of mixed juices exports from Paraguay.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +0.5%), while the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) emerged as the key foreign market for mixtures of fruit and vegetable juices exports from Paraguay, comprising 60% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-13.3% per year) and Chile (+1.6% per year).

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, increasing by 91% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Brazil ($X per ton), while the average price for exports to Uruguay ($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 Taiwan (Chinese) (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Paraguay

In 2022, imports of mixtures of fruit and vegetable juices into Paraguay fell notably to X tons, reducing by -29.3% on 2021. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 307%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed juices imports expanded notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 195%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest mixed juices supplier to Paraguay, with a 50% share of total imports. Moreover, mixed juices imports from Brazil exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by Argentina (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.6% per year) and Argentina (+0.0% per year).

In value terms, Argentina ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Paraguay, comprising 64% of total imports. The second position in the ranking was held by Brazil ($X), with a 19% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.7% per year) and South Korea (+23.0% per year).

Import Prices by Country

The average mixed juices import price stood at $X per ton in 2022, increasing by 57% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 when the average import price increased by 73%. The import price peaked at $X per ton in 2012; however, from 2013 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 Argentina ($X per ton), while the price for Austria ($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) (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform