Paraguay: Packaging Materials Market 2024

Packaging Materials Market Size in Paraguay

For the third consecutive year, the Paraguayan packaging materials market recorded growth in sales value, which increased by 19% to $X in 2022. Overall, consumption continues to indicate prominent growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Packaging Materials Production in Paraguay

In value terms, packaging materials production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 462%. Packaging materials production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Packaging Materials Exports

Exports from Paraguay

In 2022, approx. X tons of packaging materials were exported from Paraguay; approximately mirroring the previous year. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 39% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, packaging materials exports surged to $X in 2022. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 42%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil (X tons), Argentina (X tons) and Chile (X tons) were the main destinations of packaging materials exports from Paraguay, with a combined 86% share of total exports. Colombia, Peru, South Africa and Bolivia lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +75.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) appeared to be the largest markets for packaging materials exported from Paraguay worldwide, with a combined 86% share of total exports. Colombia, Peru, South Africa and Bolivia lagged somewhat behind, together accounting for a further 14%.

Colombia, with a CAGR of +90.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average packaging materials export price amounted to $X per ton, increasing by 23% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, packaging materials export price increased by +66.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($X per ton) and Brazil ($X per ton), while the average price for exports to Bolivia ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into Paraguay

In 2022, imports of packaging materials into Paraguay stood at X tons, rising by 9% on the previous year. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% 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 +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, packaging materials imports surged to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +47.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest packaging materials supplier to Paraguay, accounting for a 68% share of total imports. Moreover, packaging materials imports from Brazil exceeded the figures recorded by the second-largest supplier, Finland (X tons), sixfold. The third position in this ranking was taken by Argentina (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+11.0% per year) and Argentina (+6.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of packaging materials to Paraguay, comprising 65% of total imports. The second position in the ranking was held by Finland ($X), with a 12% share of total imports. It was followed by Argentina, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+15.7% per year) and Argentina (+8.9% per year).

Import Prices by Country

In 2022, the average packaging materials import price amounted to $X per ton, picking up by 16% against the previous year. In general, the import price, however, showed a slight curtailment. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Argentina ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform