Wheat and meslin flour and cereals market in Paraguay

Earlier Report Observations

The market volume for wheat and meslin flour and cereals in Paraguay grew from 135.4 thousand tons in 2018 to 164.2 thousand tons in 2019, supported by increased flour and pellet exports to Chile which spurred milling capacity expansion, along with the ongoing National Wheat Plan that encouraged self-sufficiency through the establishment of new agricultural cooperatives and enterprises.

Market expansion continued, reaching 189.0 thousand tons in 2021. A 34% drop in wheat flour exports that year freed up more supply for domestic consumption, while in 2022 the spike in global wheat prices due to the Ukraine‑Russia conflict provided an incentive for local production, pushing the market volume to 204.0 thousand tons.

By 2023 the market volume stabilized at 205.9 thousand tons, marking a slowdown after several years of growth.

Production wheat and meslin flour and cereals in Paraguay

In kind, 2018-2021, K t

Top producers of wheat and meslin flour and cereals, 2018-2021

World map of production of wheat and meslin flour and cereals, 2018-2021

Paraguay's production of wheat and meslin flour and cereals has grown for the third year in a row. In 2021, the country produced 202.2 thousand tons, marking a 6.0% increase from the previous year. Looking at the period from 2018 to 2021, production rose by 28.1%, which translates to an average annual growth rate of 8.6%.

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

In value, 2018-2021, K $ US

Paraguay's production of wheat and meslin flour and cereals has increased for the third consecutive year. In 2021, the output was valued at 73 495 thousand US dollars, up 15.6% year-over-year. Between 2018 and 2021, production grew by 38.1%, averaging an 11.4% annualized rate.

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

Exports wheat and meslin flour and cereals from Paraguay

Exports in kind, t

After two years of decline, Paraguay's exports of wheat and meslin flour and cereals rebounded in 2021. Exports reached 13 785 tons, showing a strong 17.3% increase compared to the previous year. Over the 2018-2021 period, exports fell by 40%, with a compound annual growth rate of -15.7%. The lowest point was in 2020 at 11 753 tons, when the largest decline of 46.3% occurred.

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

From 2018 to 2021, Brazil and Bolivia were the two main markets for Paraguay's exports in kind, together accounting for 99.6% of total shipments.

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

Following a two-year downturn, Paraguay's exports of wheat and meslin flour and cereals saw an increase in 2021. Exports totaled 5 011 thousand US dollars, a sharp 27.9% rise year-over-year. Between 2018 and 2021, exports decreased by 35.3%, with a compound annual growth rate of -13.5%. The minimum value was recorded in 2020 at 3 918 thousand US dollars, which also saw the largest decline of 44.7%.

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

During 2018-2021, Brazil and Bolivia formed the core of Paraguay's exports in value terms for wheat and meslin flour and cereals, together making up 99.6% 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 wheat and meslin flour and cereals to Paraguay

Imports in kind, t

Imports of wheat and meslin flour and cereals into Paraguay showed notable fluctuations over the period. The lowest point was in 2019 at 303 tons, with the largest decline of 42.6% occurring that year. By 2021, imports had risen sharply to approximately 563 tons, an 82.8% increase from 2020. Overall, from the trough in 2019 to the peak in 2021, imports increased by 1.9 times.

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

From 2018 to 2021, Argentina was the primary source for Paraguay's imports in kind of wheat and meslin flour and cereals, holding a 99.2% share of total imports.

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

Paraguay's imports of wheat and meslin flour and cereals have grown for the second year in a row. In 2021, imports were valued at approximately 252 thousand US dollars, up 59.4% from the previous year. Between 2018 and 2021, imports increased by 3.8%, averaging a 1.2% annualized rate. The minimum value was in 2019 at 151 thousand US dollars, which also experienced the largest decline of 37.7%.

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

Over the 2018-2021 period, Argentina was the dominant destination for Paraguay's imports in value terms of wheat and meslin flour and cereals, accounting for 95.3% 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