Paraguay: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Paraguay

The Paraguayan market for wiring sets used in vehicles, aircraft or ships reduced to $X in 2022, dropping by -6.7% against the previous year. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Paraguay

In value terms, production of wiring sets used in vehicles, aircraft or ships reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 57%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Paraguay

Exports of wiring sets used in vehicles, aircraft or ships from Paraguay amounted to X tons in 2022, increasing by 6.3% on 2021 figures. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 296% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 226%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Brazil (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Paraguay, with a 76% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Brazil exceeded the volume sent to the second major destination, Argentina (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+275.9% per year) and the United States (+136.9% per year).

In value terms, Brazil ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Paraguay, comprising 71% of total exports. The second position in the ranking was taken by Argentina ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+245.6% per year) and the United States (+125.7% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with an increase of 9.7% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Brazil ($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 the United States (-4.7%), while the prices for the other major destinations experienced a decline.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Paraguay

In 2022, after two years of growth, there was significant decline in purchases abroad of wiring sets used in vehicles, aircraft or ships, when their volume decreased by -35.2% to X tons. Overall, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 150% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships fell sharply to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 136% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Mexico (X tons), China (X tons) and Brazil (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Paraguay, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +40.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and China ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to Paraguay, together accounting for 84% of total imports.

Among the main suppliers, Mexico, with a CAGR of +46.8%, 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

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, surging by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Brazil ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform