Paraguay - Maize - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Paraguay - Maize - Market Analysis, Forecast, Size, Trends and Insights

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Maize Price in Paraguay - 2023

Contents:

  1. Maize Price in Paraguay (FOB) - 2023
  2. Maize Price in Paraguay (CIF) - 2022
  3. Maize Exports in Paraguay
  4. Maize Imports in Paraguay

Maize Price in Paraguay (FOB) - 2023

In November 2023, the average maize export price amounted to $182 per ton, waning by -4.5% against the previous month. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in April 2023 an increase of 16% month-to-month. As a result, the export price reached the peak level of $276 per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In November 2023, the countries with the highest prices were South Korea ($218 per ton) and Chile ($184 per ton), while the average price for exports to Uruguay ($175 per ton) and Brazil ($177 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.3%), while the prices for the other major destinations experienced a decline.

Maize Price in Paraguay (CIF) - 2022

The average maize import price stood at $4,511 per ton in 2022, with an increase of 38% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $5,407 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($4,864 per ton), while the price for Argentina stood at $1,837 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Maize Exports in Paraguay

In 2022, after two years of decline, there was significant growth in overseas shipments of maize, when their volume increased by 141% to 4.6M tons. Overall, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, maize exports skyrocketed to $1.1B in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Maize in Paraguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil18318736552742.3%
Chile32.049.321.322591.6%
South Korea83.122.117.584.30.5%
PeruN/A1.1N/A56.3615.4%
Saudi Arabia34.120.7N/A48.412.4%
Uruguay28.216.52.537.49.9%
IsraelN/AN/AN/A21.00%
AlgeriaN/A6.0N/A20.484.4%
Others39.219.32.569.220.9%
Total4003224091,08939.6%

Top Export Markets for Maize from Paraguay in 2022:

  1. Brazil (2331.4K tons)
  2. Chile (899.3K tons)
  3. South Korea (334.5K tons)
  4. Peru (235.9K tons)
  5. Saudi Arabia (183.1K tons)
  6. Uruguay (173.6K tons)
  7. Israel (83.3K tons)
  8. Algeria (81.1K tons)

Maize Imports in Paraguay

In 2022, supplies from abroad of maize decreased by -14% to 21K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 24K tons, and then dropped in the following year.

In value terms, maize imports skyrocketed to $94M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 55%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Import of Maize in Paraguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil39.148.665.289.932.0%
Argentina5.42.611.64.5-5.9%
Bolivia0.4N/A2.5N/A150.0%
OthersN/AN/AN/AN/A0%
Total44.951.279.494.428.1%

Top Suppliers of Maize to Paraguay in 2022:

  1. Brazil (18.5K tons)
  2. Argentina (2.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the maize market in Paraguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 56 - Maize

Country coverage:

  • Paraguay

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Paraguay
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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