Paraguay: Container Market 2024

Container Market Size in Paraguay

The Paraguayan container market soared to $X in 2022, increasing by 18% 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 +7.0% 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 -5.8% against 2020 indices. Container consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Container Production in Paraguay

In value terms, container production rose remarkably to $X in 2022 estimated in export price. In general, production showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Container Exports

Exports from Paraguay

In 2022, shipments abroad of tanks, casks, drums, cans, boxes and similar containers decreased by -25.8% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 5,122%. Over the period under review, the exports reached the maximum at X units in 2021, and then contracted significantly in the following year.

In value terms, container exports contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 6,472% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell markedly in the following year.

Exports by Country

Argentina (X units) was the main destination for container exports from Paraguay, with a 65% share of total exports. Moreover, container exports to Argentina exceeded the volume sent to the second major destination, Bolivia (X units), threefold. The third position in this ranking was taken by Chile (X units), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +149.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+51.3% per year) and Chile (+68.9% per year).

In value terms, Argentina ($X) emerged as the key foreign market for tanks, casks, drums, cans, boxes and similar containers exports from Paraguay, comprising 65% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 24% share of total exports. It was followed by Chile, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to +130.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+56.0% per year) and Chile (+89.1% per year).

Export Prices by Country

The average container export price stood at $X per unit in 2022, surging by 7.7% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, container export price increased by +62.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Paraguay

In 2022, the amount of tanks, casks, drums, cans, boxes and similar containers imported into Paraguay contracted to X units, which is down by -5.6% against the previous year's figure. In general, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2013 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, container imports totaled $X in 2022. Over the period under review, imports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest container supplier to Paraguay, accounting for a 80% share of total imports. Moreover, container imports from Brazil exceeded the figures recorded by the second-largest supplier, Chile (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+6.9% per year) and China (+22.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of tanks, casks, drums, cans, boxes and similar containers to Paraguay, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with a 6.2% share of total imports. It was followed by Chile, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.4% per year) and Chile (+4.1% per year).

Import Prices by Country

The average container import price stood at $X per unit in 2022, surging by 9.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 China ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform