Palm kernel or babassu oil and fractions market in Paraguay

Earlier Report Observations

From 2018 to 2023, the market volume for palm kernel or babassu oil in Paraguay fluctuated between 6 522 metric tons and 7 846 metric tons. It reached its peak in 2020, then declined over the next two years to 6 559 metric tons in 2022, before recovering to 7 208 metric tons in 2023.

Industry observations for 2022 highlighted the market's underdeveloped nature, characterized by very low import activity and no reported major regulatory changes, new production facilities, or significant entries by new players during that year.

Throughout this period, domestic production gradually decreased from 7 002 metric tons to 6 674 metric tons, while import and export volumes showed considerable volatility, contributing to the changes in overall market size.

Production palm kernel or babassu oil and fractions in Paraguay

In kind, 2018-2021, t

From 2018 to 2021, Paraguay ranked 26th globally in the production of palm kernel or babassu oil and fractions.

Top producers of palm kernel or babassu oil and fractions, 2018-2021

World map of production of palm kernel or babassu oil and fractions, 2018-2021

Paraguay's production of palm kernel or babassu oil and fractions declined for the third consecutive year. In 2021, the country produced 6 779 tonnes, showing a slight year-on-year decrease of 1.3%. Over the 2018-2021 period, production fell by 3.2%, with a compound annual growth rate of -1.1%.

Annual dynamics of production in Paraguay in kind, 2018-2021, t

Exports palm kernel or babassu oil and fractions from Paraguay

Exports in kind, t

The export market for these products showed significant volatility during this period. Exports reached their lowest point in 2019 at 59 tonnes and peaked in 2018, with an 8.4-fold difference between these years. In 2021, exports from Paraguay were recorded at 92 tonnes, representing a sharp decline of 61.3% compared to the previous year. The largest decrease occurred in 2019 at 88.2%, while the largest increase was in 2020 at 301.2%.

Annual dynamics of product's exports from Paraguay in kind, 2018-2021, t

From 2018 to 2021, Brazil accounted for 71.2% of Paraguay's total exports in volume, with the remaining share distributed among numerous other countries, each with smaller individual contributions.

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

The export value data reveals irregular changes, indicating a volatile market environment. The value dropped to its minimum in 2019 at 112 000 US dollars and peaked in 2018, with a six-fold difference between these years. In 2021, export deliveries from Paraguay stood at 164 000 US dollars, reflecting a significant drop of 52.8% compared to 2020. The largest decline was recorded in 2019 at 83.3%, while the largest increase occurred in 2020 at 209.9%.

Annual dynamics of product's exports from Paraguay in value, 2018-2021, K $ US

Over the 2018-2021 period, Brazil and Chile were the dominant destinations for Paraguay's exports of palm kernel or babassu oil and fractions in value terms, jointly accounting for 95.6% of total flows. The remaining volume was split among smaller markets.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Paraguay in value, 2018-2021

Imports palm kernel or babassu oil and fractions to Paraguay

Imports in kind, t

Import volumes exhibited noticeable fluctuations during this period. Imports were at their lowest in 2018 and reached their maximum in 2020 at 1 218 tonnes, with a 65-fold difference between these years. In 2021, imports into Paraguay amounted to 469 tonnes, equivalent to a fall of 61.5% versus the previous year. The largest increase was recorded in 2020 at 1 765.5%.

Annual dynamics of product's imports to Paraguay in kind, 2018-2021, t

Throughout 2018-2021, the country structure of imports in volume was shaped primarily by Indonesia and Brazil, which together accounted for 80.8% of total flows. Other markets contributed smaller shares, forming a long tail.

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

Volatility characterized the import market behavior during these years. Import values dropped to a minimum in 2018 and climbed to their maximum in 2020 at 1 277 000 US dollars, representing a 30-fold shift. In 2021, the import volume was recorded at 890 000 US dollars, indicating a steep decline of 30.3% compared to 2020. The largest increase was recorded in 2020 at 1 483.1%.

Annual dynamics of product's imports to Paraguay in value, 2018-2021, K $ US

From 2018 to 2021, Indonesia and Brazil concentrated the majority of imports in value terms of palm kernel or babassu oil and fractions to Paraguay, whereas other markets formed a less significant perimeter.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Paraguay in value, 2018-2021