Paraguay: Oil Crops Market 2024

Oil Crops Market Size in Paraguay

The Paraguayan oil crops market soared to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated buoyant 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 increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Oil Crops Production in Paraguay

In value terms, oil crops production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Oil crops production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average oil crops yield in Paraguay rose to X tons per ha, growing by X% against the previous year. Overall, the yield indicated a strong increase 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, oil crops yield increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the average oil crops yield attained the maximum level at X tons per ha in 2018; however, from 2019 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 oil crops (primary) production in Paraguay shrank to X ha, leveling off at the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The oil crops harvested area peaked at X ha in 2021, and then dropped in the following year.

Oil Crops Exports

Exports from Paraguay

Oil crops exports from Paraguay shrank dramatically to X tons in 2022, falling by X% against the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, oil crops exports fell remarkably to $X in 2022. Overall, exports showed a slight contraction. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Argentina (X tons) was the main destination for oil crops exports from Paraguay, with a X% share of total exports. Moreover, oil crops exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. The third position in this ranking was taken by Russia (X tons), with a X% share.

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

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

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

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Oil Crops Imports

Imports into Paraguay

In 2022, oil crops imports into Paraguay surged to X tons, jumping by X% on the previous year's figure. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil crops imports surged to $X in 2022. Overall, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bolivia (X tons) constituted the largest oil crops supplier to Paraguay, with a X% share of total imports. Moreover, oil crops imports from Bolivia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest oil crops suppliers to Paraguay were Bolivia ($X), Argentina ($X) and Brazil ($X), together comprising X% of total imports.

Bolivia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform