Paraguay: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Paraguay

The Paraguayan market for salted, dried or smoked meat, and offal shrank to $X in 2022, with a decrease of -4.5% against the previous year. In general, consumption showed a noticeable decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Paraguay

In value terms, production of salted, dried or smoked meat, and offal contracted modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 36% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Paraguay

In 2022, overseas shipments of salted, dried or smoked meat, and offal increased by 130% to X tons, rising for the third year in a row after three years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 662% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of salted, dried or smoked meat, and offal soared to $X in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,242%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Paraguay, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to South Korea amounted to +43.0%.

In value terms, South Korea ($X) also remains the key foreign market for salted, dried or smoked meat, and offal exports from Paraguay.

From 2013 to 2022, the average annual growth rate of value to South Korea amounted to +55.1%.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, rising by 35% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 76%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2013 to 2022, the rate of growth in terms of prices for South Korea amounted to +8.4% per year.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Paraguay

In 2022, after four years of growth, there was significant decline in overseas purchases of salted, dried or smoked meat, and offal, when their volume decreased by -9% to X tons. Overall, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 146% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of salted, dried or smoked meat, and offal reduced to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest salted, dried or smoked meat, and offal supplier to Paraguay, accounting for a 82% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+6.8% per year) and Spain (+48.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Paraguay, comprising 66% of total imports. The second position in the ranking was taken by Argentina ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+3.6% per year) and Spain (+50.0% per year).

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, picking up by 7.3% against the previous year. In general, the import price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Spain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform