Paraguay: Footwear Market 2024

Footwear Market Size in Paraguay

In 2022, the Paraguayan footwear market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, recorded a noticeable shrinkage. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Footwear Exports

Exports from Paraguay

For the fourth consecutive year, Paraguay recorded growth in shipments abroad of footwear, which increased by X% to X pairs in 2022. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, footwear exports expanded rapidly to $X in 2022. Over the period under review, 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 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X pairs) was the main destination for footwear exports from Paraguay, accounting for a X% share of total exports. Moreover, footwear exports to the United States exceeded the volume sent to the second major destination, Brazil (X pairs), threefold. The third position in this ranking was taken by Uruguay (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Uruguay (X% per year).

In value terms, the United States ($X), Brazil ($X) and Uruguay ($X) constituted the largest markets for footwear exported from Paraguay worldwide, together comprising X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, declining by X% against the previous year. Overall, the export price saw a deep downturn. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per pair in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per pair), while the average price for exports to Chile ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Imports

Imports into Paraguay

In 2022, purchases abroad of footwear was finally on the rise to reach X pairs after four years of decline. Over the period under review, imports, however, saw a deep setback. Imports peaked at X pairs in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X pairs) constituted the largest supplier of footwear to Paraguay, with a X% share of total imports. Moreover, footwear imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X pairs), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, growing by X% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price 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, footwear import price increased by X% against 2013 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Vietnam ($X per pair), while the price for Brazil ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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