Paraguay: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Paraguay

In 2022, the Paraguayan market for powdered, condensed or evaporated milk increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate a noticeable downturn. Powdered, condensed or evaporated milk consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk in Paraguay

In value terms, powdered, condensed or evaporated milk production expanded notably to $X in 2022 estimated in export price. In general, production enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Paraguay

In 2022, the amount of powdered, condensed or evaporated milk exported from Paraguay skyrocketed to X tons, rising by X% on the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, powdered, condensed or evaporated milk exports surged to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Brazil (X tons) was the main destination for powdered, condensed or evaporated milk exports from Paraguay, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Brazil exceeded the volume sent to the second major destination, Lebanon (X tons), sixfold. The third position in this ranking was taken by Bolivia (X tons), with a X% share.

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

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

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

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price 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, powdered, condensed or evaporated milk export price increased by X% against 2017 indices. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per ton) and Brazil ($X per ton), while the average price for exports to Gabon ($X per ton) and Lebanon ($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 Cameroon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Paraguay

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported into Paraguay; declining by X% compared with the previous year. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest powdered, condensed or evaporated milk supplier to Paraguay, accounting for a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), eightfold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of powdered, condensed or evaporated milk to Paraguay, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

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

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, recorded a pronounced decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform