Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Paraguay - 2024
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Paraguay (CIF) - 2024
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Paraguay
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Paraguay (CIF) - 2024
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,195 per ton in November 2023, with an increase of 27% against the previous month. Overall, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in March 2023 an increase of 28% month-to-month. The import price peaked at $1,911 per ton in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Brazil ($1,685 per ton), while the price for Argentina totaled $697 per ton.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Argentina (-1.9%).
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Paraguay
In 2022, after two years of decline, there was significant growth in purchases abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume increased by 21% to 973 tons. In general, imports, however, showed a perceptible downturn.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $1.8M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 905 | 621 | 708 | 1,071 | 5.8% |
| Argentina | 567 | 687 | 533 | 709 | 7.7% |
| Others | 14.5 | 33.5 | 68.4 | 47.2 | 48.2% |
| Total | 1,486 | 1,341 | 1,309 | 1,827 | 7.1% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Paraguay in 2022:
- Brazil (630.6 tons)
- Argentina (331.4 tons)
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