Paraguay: Canned Meat Market 2024

Canned Meat Market Size in Paraguay

The Paraguayan canned meat market dropped to $X in 2023, falling by X% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Canned meat consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Canned Meat Production in Paraguay

In value terms, canned meat production reduced to $X in 2023 estimated in export price. Overall, production, however, posted a measured increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Canned Meat Exports

Exports from Paraguay

In 2023, shipments abroad of canned meat increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the near future.

In value terms, canned meat exports surged to $X in 2023. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for canned meat exports from Paraguay, with a X% share of total exports. Moreover, canned meat exports to Chile exceeded the volume sent to the second major destination, Colombia (X tons), sevenfold. Uruguay (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Chile amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Uruguay (X% per year).

In value terms, Chile ($X) remains the key foreign market for canned meat exports from Paraguay, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with an X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Chile amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Uruguay (X% per year).

Export Prices by Country

The average canned meat export price stood at $X per ton in 2023, remaining constant against the previous year. Over the period under review, the export price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into Paraguay

In 2023, approx. X tons of canned meat were imported into Paraguay; growing by X% compared with 2022 figures. Overall, imports showed strong growth. 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 reached the peak figure in 2023 and are likely to continue growth in years to come.

In value terms, canned meat imports rose markedly to $X in 2023. Over the period under review, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Brazil (X tons) constituted the largest canned meat supplier to Paraguay, with a X% share of total imports. Moreover, canned meat imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil stood at X%.

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

From 2012 to 2023, the average annual rate of growth in terms of value from Brazil amounted to X%.

Import Prices by Country

The average canned meat import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Argentina stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform