Waxes; Artificial, Prepared Price in Paraguay - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Paraguay (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Paraguay (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Paraguay
4. Waxes; Artificial, Prepared Exports in Paraguay

Waxes; Artificial, Prepared Price in Paraguay (CIF) - 2022

The average waxes; artificial, prepared import price stood at $5,779 per ton in 2022, jumping by 30% against the previous year. Over the last decade, it increased at an average annual rate of +6.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($6,938 per ton), while the price for Indonesia ($2,320 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Paraguay (FOB) - 2022

The average waxes; artificial, prepared export price stood at $39,429 per ton in 2022, dropping by -3.3% against the previous year. Overall, the export price, however, saw significant growth. The growth pace was the most rapid in 2021 an increase of 3,382% against the previous year. As a result, the export price attained the peak level of $40,760 per ton, and then fell modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($46,545 per ton), while the average price for exports to Bolivia amounted to $13,333 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+42.0%).

Waxes; Artificial, Prepared Imports in Paraguay

In 2022, overseas purchases of waxes; artificial, prepared were finally on the rise to reach 364 tons after two years of decline. Overall, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports soared to $2.1M in 2022. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Paraguay in 2022:

1. Brazil (239.5 tons)
2. Argentina (31.5 tons)
3. Indonesia (21.9 tons)
4. China (20.1 tons)
5. United States (18.1 tons)
6. Mexico (12.9 tons)
7. Denmark (9.3 tons)
8. India (8.2 tons)
9. Germany (0.7 tons)

Waxes; Artificial, Prepared Exports in Paraguay

In 2022, overseas shipments of waxes; artificial, prepared decreased by -72% to 14 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 214%. As a result, the exports attained the peak of 88 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, waxes; artificial, prepared exports shrank rapidly to $552 in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,879% against the previous year. As a result, the exports attained the peak of $2K, and then contracted sharply in the following year.

Top Export Markets for Waxes; Artificial, Prepared from Paraguay in 2022:

1. Brazil (11.0 kg)
2. Bolivia (3.0 kg)

Source: IndexBox Market Intelligence Platform