Paraguay: Mate Market 2024

Mate Market Size in Paraguay

The Paraguayan mate market declined to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a tangible 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, consumption decreased by X% against 2018 indices. Mate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Mate Production in Paraguay

In value terms, mate production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw perceptible growth. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yield of mate in Paraguay shrank to X tons per ha, with a decrease of X% on 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the average mate yield attained the peak level at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mate harvested area in Paraguay stood at X ha in 2022, almost unchanged from the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. The mate harvested area peaked in 2022 and is likely to continue growth in the near future.

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Mate Exports

Exports from Paraguay

In 2022, shipments abroad of mate decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mate exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for mate exports from Paraguay, accounting for a X% share of total exports. Moreover, mate exports to Argentina exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. Bolivia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Bolivia (X% per year).

In value terms, Argentina ($X) remains the key foreign market for mate exports from Paraguay, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Bolivia (X% per year).

Export Prices by Country

The average mate export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mate Imports

Imports into Paraguay

In 2022, purchases abroad of mate decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, mate imports fell notably to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of mate to Paraguay, with a X% share of total imports. Moreover, mate imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and South Korea (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of mate to Paraguay, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and South Korea (X% per year).

Import Prices by Country

The average mate import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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