Sucrose in solid form market in Paraguay

Earlier Report Observations

The market for chemically pure sucrose in solid form in Paraguay contracted sharply from 2018 to 2021, with its value falling from 96 736 thousand USD to 28 669 thousand USD. This decline intensified in 2020, a period marked by the COVID-19 pandemic, which disrupted industrial and economic activity across the country. A rebound began in 2022, lifting the market size to 40 523 thousand USD, followed by a modest increase to 41 310 thousand USD in 2023.

The market recovery in 2022 was driven by Paraguay's strengthening position in organic sugar production. Regulatory shifts, including a ban on chemical ripening agents and new training requirements for organic farm management, altered production practices for pure sucrose. Concurrently, rising international demand from key export markets like the United States, Japan, and Europe fueled a surge in exports, which reached 26 858 thousand USD in 2022 and helped boost domestic production value to 66 951 thousand USD.

Production sucrose in solid form in Paraguay

In kind, 2018-2021, K t

Top producers of sucrose in solid form, 2018-2021

World map of production of sucrose in solid form, 2018-2021

Paraguay's production of sucrose in solid form declined for the second consecutive year. In 2021, the country produced 65.3 K t, marking a significant 17.0% decrease compared to 2020. Looking at the period from 2018 to 2021, production fell by 17.3%, which translates to an average annual decline of 6.1%. The highest production level was recorded in 2019 at 85.9 K t, with the largest year-on-year increase of 8.7% also occurring that year.

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

In value, 2018-2021, K $ US

Paraguay's production value of sucrose in solid form declined for the third consecutive year. In 2021, output was valued at 47 245 K $ US, representing a sharp 25.6% drop from 2020. Over the 2018-2021 period, production value decreased by 38.9%, with a compound annual growth rate (CAGR) of -15.2%.

Annual dynamics of production in Paraguay in value, 2018-2021, K $ US

Exports sucrose in solid form from Paraguay

Exports in kind, t

The export market for sucrose in solid form showed volatility during the observed period. Exports reached their lowest point in 2019 at 1 411 t and peaked in 2021 at 25 797 t, representing an 18-fold increase between these years. In 2021, exports surged by 1 159.7% compared to the previous year. The largest decline occurred in 2019, falling by 27.1%.

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

From 2018 to 2021, Paraguay's exports of sucrose in solid form were heavily concentrated on the United States, which accounted for 72.9% of total flows. The remaining share was distributed among other countries.

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 market in value terms exhibited noticeable fluctuations during this period. The lowest value was recorded in 2019 at 1 221 K $ US, while the peak occurred in 2021 at 18 657 K $ US, showing a 15-fold difference. In 2021, export value increased by 1 029.0% compared to 2020. The largest decline was in 2019, dropping by 35.6%.

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

During 2018-2021, the United States remained Paraguay's primary export destination for sucrose in solid form in value terms, accounting for 72.6% of total exports. The remaining value was distributed among other countries.

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

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

Imports sucrose in solid form to Paraguay

Imports in kind, t

Import volumes of sucrose in solid form showed significant fluctuations during this period. Imports reached their lowest point in 2021 at 65 t and peaked in 2018, with a 782-fold difference between these years. In 2021, imports declined by 65.5% compared to the previous year. The largest decrease occurred in 2019, falling by 99.8%, while the largest increase was in 2020, rising by 96.0%.

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

Throughout 2018-2021, Brazil was Paraguay's key import partner for sucrose in solid form in kind, accounting for 98.9% of total import 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 import market in value terms exhibited an unstable trend during this timeframe. The minimum value was recorded in 2021 at 81 K $ US, while the maximum was in 2018, showing a 263-fold variation. In 2021, import value decreased by 57.3% compared to the previous year. The largest decline occurred in 2019, dropping by 99.5%, while the largest increase was in 2020, rising by 95.9%.

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

Throughout 2018-2021, Brazil remained the almost exclusive supplier of sucrose in solid form to Paraguay in value terms, with a share of 97.5% of total imports.

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

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