Paraguay Grain Market Analysis
The Grains Market In Paraguay Market size is estimated at USD 1.79 billion in 2025, and is expected to reach USD 1.99 billion by 2030, at a CAGR of 2.2% during the forecast period (2025-2030).
- Paraguay's grain market plays a pivotal role in the nation's economy, primarily fueled by the production and export of vital crops such as soybeans, corn, and wheat. Dominating the landscape, soybeans stand out as Paraguay's most prized crop, cementing the nation’s position as the world's fourth-largest exporter. The country's soybean sector is predominantly driven by export demands, with Brazil, Argentina, and various Asian nations being the primary export markets. For instance, according to the ITC Trade Map, soybean export values climbed from USD 1,226,849 thousand in 2022 to USD 3,423,953 thousand in 2023.
- Moreover, maize and wheat, staples in the Paraguayan diet, are not only consumed directly but also processed into products like deserts, bread, and cornmeal, further boosting their production. According to FAOSTAT data, revealing maize production surged from 4,088,093 metric tons in 2021 to 6,191,650 metric tons in 2022. Furthermore, a growing consumer preference for locally sourced foods, coupled with an intensified focus on food security, has driven up the nation's grain demand.
- Paraguay's burgeoning biofuel industry is stoking domestic demand for soybeans (for biodiesel) and corn (for ethanol). This sector not only curtails the nation's reliance on imports but also champions sustainable energy, further propelling grain production. With Brazil and Argentina enforcing robust biofuel mandates, there's a notable uptick in cross-border demand for Paraguay sourced grains, particularly soybeans destined for biodiesel.
Paraguay Grain Market Trends
Growing Grain Export Market
Paraguay stands out as a top exporter of maize, wheat, sorghum, and rice in South America. Agriculture plays a pivotal role in Paraguay's economy, engaging roughly a quarter of its workforce and dominating the nation's exports. Fueled by rising domestic and export demands, particularly from the animal feed sector, Paraguay has seen a consistent uptick in grain production. Recent years have witnessed notable surges in both grain production and exports. For instance, according to FAOSTAT, the production of grains was 6.3 million metric tons in 2021, which increased 7.9 million metric tons in 2022.
Paraguay exports grains primarily to neighboring South American countries, including Brazil, Chile, Argentina, Bolivia, and Peru. However, countries outside South America, such as the Philippines, South Korea, and the United Arab Emirates, are also important importers. According to the ITC Trade Map, the export value of maize increased from USD 409,076 thousand in 2021 to USD 750,699 thousand in 2023. In 2023, the main markets for Paraguay-sourced maize exports were Brazil (USD 271,209 thousand), Chile (USD 178,611 thousand), South Korea (USD 113,996 thousand), and Peru (USD 84,033 thousand), representing market shares of 36.1%, 23.8%, 15.2%, and 4.9%, respectively.
In addition to maize, Paraguay exports wheat, sorghum, rice, and other grains to these markets, with Brazil being the largest importer. According to ITC Trade map, Rice exports, in particular, grew from 824,177 metric tons to 910,575 metric tons between 2022 and 2023. This increasing demand for grains is not only expanding Paraguay's export market but also driving growth in the studied market during the forecast period
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Maize Dominates the Grains Market
In Paraguay, maize (corn) has emerged as a pivotal crop, contributing to the country’s grain market alongside soybeans and wheat. Dominating South America, Paraguay leads in maize production. Serving as a dietary staple, maize constitutes more than 40% of Paraguayans' daily caloric intake. While farmers primarily grow maize to meet domestic demands, a surge in demand has been met with an uptick in production. According to FAOSTAT, maize production rose from 4,088,093 metric tons in 2021 to 6,191,650 metric tons in 2022.
According to USDA, Paraguay's two distinct corn crops. The summer crop, Zafra, is sown in August and harvested by late January, typically spanning 30,000-60,000 hectares. Under favorable conditions, farmers expect yields of about 8 tons per hectare. Additionally, beef and dairy producers often plant corn for silage. Most of Paraguay's maize serves as animal feed, with only a minor portion for human consumption, underscoring its primary role in livestock nutrition, alongside sorghum and wheat. Moreover, local seed producers, known for their "casera" or homemade seeds, plant early to prepare for the second crop, zafrinha, in February. In 2021-2022, a severe drought impacted the soybean crop, limiting seed availability for zafrinha. This prompted farmers to expand their corn acreage. Given the increasing reliance on maize for animal feed and the uptick in production, Paraguay's maize market is poised for growth in the coming year.
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Paraguay Grain Market News
- July 2023: Paraguay's Ministry of Agriculture and Livestock (MAG), in collaboration with the Ministry of Economy and Finance (MEF) and the Food and Agriculture Organization of the United Nations (FAO), hosted the National Rural Investment Forum. Bolstered by strong backing from both public and private sectors, the forum is set to be a pivotal event in the nation's agricultural landscape, encompassing a wide range of sectors, including cereals.
- January 2022: In response to a severe drought impacting farm output, Paraguay has unveiled measures to bolster its agricultural sector. The initiative, targeting 21,000 small-scale farmers, encompasses corporate income tax reductions in the first quarter and debt refinancing credit lines. These credit lines are being facilitated through the state-run Banco Nacional de Fomento and other government agencies.
Paraguay Grain Industry Segmentation
In Paraguay, grains are the most important staple food. Grain is the harvested seed of grasses such as wheat, oats, rice, and corn. Other important grains include sorghum, millet, rye, and barley. Paraguay Grain Market analysis includes parameters such as Production Analysis (Volume), Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis. The market is Segmented by Crop Type (Rice, Wheat, Maize, Sorghum, and other Coarse Crops). The report offers the market size and forecasts in terms of volume in (metric tons) and value in (USD) for all the above segments.
| Crop Type | Rice | Production Analysis | |
| Consumption Analysis and Market Value | |||
| Import Market Analysis (Volume and Value) | |||
| Export Market Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Wheat | Production Analysis | ||
| Consumption Analysis and Market Value | |||
| Import Market Analysis (Volume and Value) | |||
| Export Market Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Maize | Production Analysis | ||
| Consumption Analysis and Market Value | |||
| Import Market Analysis (Volume and Value) | |||
| Export Market Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Sorghum | Production Analysis | ||
| Consumption Analysis and Market Value | |||
| Import Market Analysis (Volume and Value) | |||
| Export Market Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Geography | Paraguay | Production Analysis | |
| Consumption Analysis and Market Value | |||
| Import Market Analysis (Volume and Value) | |||
| Export Market Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
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Grains Market In Paraguay Market Research Faqs
How big is the Grains Market In Paraguay Market?
The Grains Market In Paraguay Market size is expected to reach USD 1.79 billion in 2025 and grow at a CAGR of 2.20% to reach USD 1.99 billion by 2030.
What is the current Grains Market In Paraguay Market size?
In 2025, the Grains Market In Paraguay Market size is expected to reach USD 1.79 billion.
What years does this Grains Market In Paraguay Market cover, and what was the market size in 2024?
In 2024, the Grains Market In Paraguay Market size was estimated at USD 1.75 billion. The report covers the Grains Market In Paraguay Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Grains Market In Paraguay Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Grains Market In Paraguay Industry Report
Statistics for the 2025 Grains In Paraguay market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Grains In Paraguay analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
