Paraguay: Root And Tuber Market 2024

Root And Tuber Market Size in Paraguay

The Paraguayan root and tuber market rose rapidly to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a resilient expansion 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 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Root And Tuber Production in Paraguay

In value terms, root and tuber production surged to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The average yield of roots and tubers in Paraguay dropped to X tons per ha in 2022, remaining stable against the previous year. The yield figure 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 growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the average root and tuber yield reached the peak level at X tons per ha in 2019; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area in Paraguay shrank modestly to X ha in 2022, remaining relatively unchanged against 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% against the previous year. The root and tuber harvested area peaked at X ha in 2021, and then fell in the following year.

Root And Tuber Exports

Exports from Paraguay

In 2022, after two years of decline, there was significant growth in shipments abroad of roots and tubers, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, root and tuber exports surged to $X in 2022. Overall, exports, however, recorded a dramatic descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for root and tuber exports from Paraguay, accounting for a X% share of total exports. Moreover, root and tuber exports to Brazil exceeded the volume sent to the second major destination, Spain (X tons), sevenfold.

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

In value terms, the largest markets for root and tuber exported from Paraguay were Spain ($X), Brazil ($X) and Argentina ($X), together comprising X% of total exports.

Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Brazil ($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 Brazil (X%).

Root And Tuber Imports

Imports into Paraguay

In 2022, overseas purchases of roots and tubers decreased by X% to X tons, falling for the second consecutive year after seven years of growth. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports rose sharply to $X in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Argentina (X tons) constituted the largest root and tuber supplier to Paraguay, accounting for a X% share of total imports. Moreover, root and tuber imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to X%.

In value terms, Argentina ($X) constituted the largest supplier of roots and tubers to Paraguay, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina totaled X%.

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably 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 Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform