Earlier Report Observations
The Paraguayan groundnut oil market experienced significant fluctuations between 2018 and 2023. Production and market volume initially rose sharply in 2020, reaching 3 200 metric tons, supported by substantial industrial investment and trade expansion. According to industry reports, around 23 companies were engaged in peanut and peanut oil processing by 2018, with cumulative investments of USD 708 million and the creation of thousands of jobs. This industrial base, along with the commercial diversification of key players like PROIN into edible oils and the government's success in opening 35 new export markets for agricultural goods, provided a foundation for market growth.
After the 2020 peak, the market entered a sustained decline. The launch of hemp-based food and cosmetic products in 2021 introduced a new competitor in the vegetable oil segment, potentially diverting consumer interest and investment. Regulatory challenges became more pronounced in 2022, as the national food authority (INAN) reported a lack of technical documentation and sanitary registrations specifically for peanut butter products, hindering formal market development. Concurrent reports of widespread illegal importation of edible oils further undermined the regulated market's volume. These factors contributed to a contraction of the legal market to 1 207 metric tons by 2023.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Paraguay
- 5.1.1. Annual dynamics of production in Paraguay in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Paraguay in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Paraguay
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Paraguay in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Paraguay by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Paraguay in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Paraguay by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Paraguay, 2018-2025, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Paraguay by countries, 2018-2025, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Paraguay in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Paraguay by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Paraguay in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Paraguay by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Paraguay, 2018-2025, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Paraguay by countries, 2018-2025, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Paraguay in kind, 2018-2025, t
- 7.1.2.2. Dynamics of product's exports in kind from Paraguay by countries, 2018-2025, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Paraguay in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Paraguay by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Paraguay, 2018-2025, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Paraguay by countries, 2018-2025, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Paraguay in kind, 2018-2025, t
- 7.2.2.2. Dynamics of product's exports in kind from Paraguay by countries, 2018-2025, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Paraguay in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Paraguay by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Paraguay, 2018-2025, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Paraguay by countries, 2018-2025, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production groundnut oil and fractions in Paraguay
In kind, 2018-2021, t
Top producers of groundnut oil and fractions, 2018-2021
World map of production of groundnut oil and fractions, 2018-2021
In 2021, Paraguay produced 2,800 tonnes of groundnut oil and fractions, marking a 12.5% decrease from the previous year. Looking at the period from 2018 to 2021, production grew by 7.7%, which translates to an average annual increase of 2.5%. The lowest production level was recorded in 2019 at 2,100 tonnes, while the highest was in 2020 with 3,200 tonnes. The most significant drop occurred in 2019, falling by 19.2%, whereas the largest rise was in 2020, surging by 52.4%.
Annual dynamics of production in Paraguay in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (19.2%) | 52.4% | (12.5%) | 2.5% |
Exports groundnut oil and fractions from Paraguay
Exports in kind, t
Groundnut oil and fractions exports from Paraguay declined for the second year in a row. In 2020, exports amounted to 1.4 tonnes, representing a sharp 50.0% year-over-year decrease. From 2018 to 2020, exports plummeted by 99.1%, averaging an annual decline of 79.1%.
Annual dynamics of product's exports from Paraguay in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (98.2%) | (50.0%) | n/a | - |
Between 2018 and 2021, Italy was nearly the sole buyer of groundnut oil and fractions from Paraguay, accounting for 96.4% of total exports in volume terms.
Structure of product's exports in kind by countries, 2018-2021
World map of product's exports from Paraguay in kind, 2018-2021
Exports in value, K $ US
Cross-border shipments of groundnut oil and fractions from Paraguay fell for the second consecutive year. In 2020, Paraguay exported $5.2 thousand worth of groundnut oil and fractions, a steep 50.0% drop compared to the previous year. From 2018 to 2020, exports decreased by 96.3%, with an average annual decline of 66.8%.
Annual dynamics of product's exports from Paraguay in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (92.7%) | (50.0%) | n/a | - |
From 2018 to 2021, two main markets—Italy and Argentina—dominated Paraguay's exports in value terms, together making up 100.0% of total flows.
Structure of product's exports in value by countries, 2018-2021
World map of product's exports from Paraguay in value, 2018-2021
Imports groundnut oil and fractions to Paraguay
Imports in kind, t
The data shows irregular changes, pointing to a volatile market environment. Imports reached their lowest point in 2020 and peaked in 2021, with a 2.2-fold difference between these years. In 2021, Paraguay imported 2.7 tonnes of groundnut oil and fractions, a sharp increase of 124.3% from the previous year. The minimum volume was recorded in 2020 at 1.2 tonnes, and the largest decline occurred in 2019, falling by 36.4%.
Annual dynamics of product's imports to Paraguay in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (36.4%) | (10.8%) | 124.3% | 8.4% |
Over the period 2018–2021, France was the primary and almost exclusive source for Paraguay's imports of groundnut oil and fractions in volume terms, representing 100.0% of total flows.
Structure of product's imports in kind by countries, 2018-2021
World map of product's imports to Paraguay in kind, 2018-2021
Imports in value, K $ US
The market exhibited volatility during the observed period. Import levels varied by 2.5 times, with the low in 2020 and the high in 2021. In 2021, Paraguay imported $17.4 thousand worth of groundnut oil and fractions, up by 148.9% from the previous year. The minimum value was $7.0 thousand in 2020, and the largest decline was in 2019, dropping by 55.0%.
Annual dynamics of product's imports to Paraguay in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (55.0%) | (7.3%) | 148.9% | 1.3% |
From 2018 to 2021, Paraguay's imports of groundnut oil and fractions in value terms were highly concentrated on France, which accounted for 100.0% of total flows.
Structure of product's imports in value by countries, 2018-2021
World map of product's imports to Paraguay in value, 2018-2021
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