Grains Market In Paraguay Market Size (2024 - 2029)

Paraguay Grain Market Analysis

The Grains Market In Paraguay Market size is estimated at USD 1.75 billion in 2024, and is expected to reach USD 1.95 billion by 2029, at a CAGR of 2.20% during the forecast period (2024-2029).

• 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 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.