Key Market Indicators
Paraguayans consumed an estimated 0 thousand metric tons of butter in 2021, down from 0 thousand metric tons in 2020. The average yearly rate of consumption has been decreasing since 2009, with a 3.3% year-on-year drop. Paraguay's butter production is forecast to reach 669.6 thousand metric tons by 2026, up from 622 thousand metric tons in 2021. This would represent an average yearly growth of 1.2%. In 2021, Paraguay was ranked 92nd in the world for butter production, behind Angola at 622 thousand metric tons. New Zealand, Germany, and France were ranked 2nd, 3rd, and 4th respectively.