Paraguay: Pesticide Market 2024

Pesticide Market Size in Paraguay

After two years of decline, the Paraguayan pesticide market increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Pesticide consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Pesticide Exports

Exports from Paraguay

In 2022, shipments abroad of pesticides increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, pesticide exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil (X tons) was the main destination for pesticide exports from Paraguay, with a X% share of total exports. Moreover, pesticide exports to Brazil exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. The third position in this ranking was held by Chile (X tons), with a X% share.

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

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

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

Export Prices by Country

The average pesticide export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price saw a remarkable increase. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 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 Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pesticide Imports

Imports into Paraguay

In 2022, pesticide imports into Paraguay rose notably to X tons, growing by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pesticide 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 X% 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 X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pesticide to Paraguay, accounting for a X% share of total imports. Moreover, pesticide imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to 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 pesticide suppliers to Paraguay were China ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total imports. India, the United States, Uruguay and Israel lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pesticide import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform