Key Market Indicators
Paraguay's fabric exports are set to reach $2.2 million by 2026, up from $1.7 million in 2021. This marks a 4.3% year-on-year growth rate. Since 2007, the country's supply has grown by 9% annually. In 2021, Paraguay ranked 70th in the world, with Armenia overtaking it at $1.7 million. South Korea, Italy, and Germany were the second, third, and fourth-ranked countries, respectively. Meanwhile, imports of fabrics in Paraguay are predicted to reach $103.6 million by 2026, up from $86.6 million in 2021. This works out to an average rate of 3% year-on-year growth. Since 1994, the country's demand has risen by 12.5% yearly. In 2021, Paraguay was 48th in the world, with Myanmar overtaking it at $86.6 million. Indonesia, China, and the United States followed in second, third, and fourth place, respectively.
