Key Market Indicators
Paraguayan grains production is projected to climb to approximately 10.5 million metric tons by 2028, up from around 9.1 million metric tons in 2023. This reflects an average annual growth rate of 2.4 percent. Since 1966, Paraguay's grain supply has seen a consistent increase, averaging a 5.1 percent annual growth rate. In the global ranking for 2023, Paraguay holds the 39th position, with Serbia slightly ahead, also producing about 9.1 million metric tons. The leading producers in the global grains market are the United States, India, and Brazil, which occupy the second, third, and fourth spots, respectively.
