Paraguay: Measuring Instrument Market 2024

Measuring Instrument Market Size in Paraguay

The Paraguayan measuring instrument market surged to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a buoyant increase. Measuring instrument consumption peaked in 2022 and is expected to retain growth in years to come.

Measuring Instrument Exports

Exports from Paraguay

In 2022, the amount of instruments and apparatus for measuring or checking the flow or level of liquids exported from Paraguay skyrocketed to X units, increasing by X% against 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, measuring instrument exports expanded rapidly to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica (X units) was the main destination for measuring instrument exports from Paraguay, accounting for a X% share of total exports. It was followed by the United States (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

In value terms, Costa Rica ($X) emerged as the key foreign market for instruments and apparatus for measuring or checking the flow or level of liquids exports from Paraguay, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price saw a significant curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Measuring Instrument Imports

Imports into Paraguay

In 2022, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument imports soared to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) constituted the largest measuring instrument supplier to Paraguay, with a X% share of total imports. Moreover, measuring instrument imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by the United States (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, Brazil ($X), the United States ($X) and Germany ($X) constituted the largest measuring instrument suppliers to Paraguay, with a combined X% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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