While value sales rose of cooking ingredients and meals rose in 2023, volume sales contracted. High inflation forced consumers to reduce the frequency of purchases.
Sales of cooking ingredients and meals in Paraguay decreased in retail volume terms in 2023 for the third consecutive year. Sweet spreads was the most affected by high unit price increases, with consumers avoiding non-essential products.
The price of gasoline in Paraguay increased more than 50% towards the end of the review period negatively impacting freight costs. As a consequence, the price of cooking ingredients and meals registered an increase.
Around 57% of the population of Paraguay is economically active, with the middle class representing around 25% of all households in 2023. Nevertheless, poverty and income inequality remain a major challenge, with Paraguay being one of the poorest nations in the region.
The condition of the roads in Paraguay varies depending on the region, with the most developed highways connecting Asuncion, Encarnacion and Ciudad del Este in the southern half of the country. Much of the country’s infrastructure requires improvement given that there are still thousands of miles of rural, unpaved roads, which are impassable during the rainy season.
Sales of cooking ingredients and meals are set to increase over the forecast period. Providing the macroeconomic outlook improves, both within the country and globally, rising incomes and increased urbanisation should enable more of the population to afford products beyond their primary necessities.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Paraguay with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Paraguay, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!