Key Market Indicators
Paraguay's antibiotics export market is projected to experience a significant decline over the next five years. By 2028, exports are expected to fall to approximately $1,700, a dramatic drop from the estimated $4,300 in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 14.7%. Historical data indicates that since 2008, Paraguay's antibiotics supply has been gradually shrinking, with an average annual decrease of 0.7%. In stark contrast, the country's antibiotics import market shows a trend of steady growth. Imports are forecast to reach nearly $12 million by 2028, up from around $10.5 million in 2023. This marks an average annual growth rate of 2%. Looking back further, since 1994, Paraguay has seen its antibiotics demand increase at an average annual rate of 3.6%. This growing demand underscores the expanding need for antibiotics within the country, even as domestic supply falters.
