Price for Woven Fabrics of Artificial Staple Fibres in Paraguay - 2023

Price for Woven Fabrics of Artificial Staple Fibres in Paraguay (CIF) - 2023

The average import price for woven fabrics of artificial staple fibres stood at $1.1 per square meter in November 2023, dropping by -31.3% against the previous month. Over the period under review, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in June 2023 when the average import price increased by 58% month-to-month. As a result, import price reached the peak level of $2.4 per square meter. From July 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Brazil ($2.7 per square meter), while the price for China ($866 per thousand square meters) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Artificial Staple Fibres in Paraguay (FOB) - 2022

The average export price for woven fabrics of artificial staple fibres stood at $15 per square meter in 2022, declining by -8% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49%. Over the period under review, the average export prices reached the maximum at $18 per square meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +2.1% per year.

Imports of Woven Fabrics of Artificial Staple Fibres in Paraguay

For the fourth consecutive year, Paraguay recorded growth in purchases abroad of woven fabrics of artificial staple fibres, which increased by 56% to 646K square meters in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 102%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of woven fabrics of artificial staple fibres skyrocketed to $5.5M in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 164%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Woven Fabrics of Artificial Staple Fibres in Paraguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	69.5	381	1,481	4,071	288.4%
Brazil	268	244	562	1,431	74.8%
Hong Kong SAR	68.8	47.2	54.9	N/A	-10.7%
Chile	80.0	426	955	N/A	245.5%
Taiwan (Chinese)	57.2	37.5	41.8	N/A	-14.5%
Others	132	72.8	92.2	33.7	-36.6%
Total	675	1,209	3,187	5,536	101.7%

Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Paraguay in 2022:

China (541.7K square meters)
Brazil (102.6K square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in Paraguay

In 2022, shipments abroad of woven fabrics of artificial staple fibres decreased by -81.7% to 74 square meters, falling for the second year in a row after two years of growth. In general, exports faced a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 4.9% against the previous year. As a result, the exports attained the peak of 644 square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of woven fabrics of artificial staple fibres contracted significantly to $1.1K in 2022. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 40%. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.