Paraguay: Solid Biofuel Market 2024

Solid Biofuel Market Size in Paraguay

The Paraguayan solid biofuel market declined to $X in 2022, shrinking by X% against the previous year. Overall, the total consumption indicated a measured increase 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 2016 indices. Solid biofuel consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Solid Biofuel Production in Paraguay

In value terms, solid biofuel production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Solid biofuel production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Solid Biofuel Exports

Exports from Paraguay

In 2022, shipments abroad of solid biofuels increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated slight growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, solid biofuel exports surged to $X in 2022. In general, total exports indicated strong growth 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Brazil (X tons), the UK (X tons) and Germany (X tons) were the main destinations of solid biofuel exports from Paraguay, together accounting for X% of total exports. Chile, Saudi Arabia, Israel, Spain, the United States, Poland and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for solid biofuel exported from Paraguay were the UK ($X), Saudi Arabia ($X) and Germany ($X), together comprising X% of total exports.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average solid biofuel export price stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Solid Biofuel Imports

Imports into Paraguay

In 2022, solid biofuel imports into Paraguay reduced to X tons, with a decrease of X% against the previous year's figure. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, solid biofuel imports dropped markedly to $X in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main solid biofuel supplier to Paraguay, accounting for a X% share of total imports. It was followed by Indonesia (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at X%.

Import Prices by Country

The average solid biofuel import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Indonesia ($X per ton), while the price for Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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