Within the 2018-2023 timeframe, our forecast models predict growth from 3.6% p.a. in a low scenario to 5.6% p.a. in a high scenario. Accordingly, the industry in Paraguay is expected to achieve revenues of between $34m to $35.8m by 2023.
The commercial industrial gases market in Paraguay was estimated to have generated revenues of $28.5m in 2018. This was up from just $23.0m in 2008, indicating an average annual growth rate of 2.3% p.a. for the decade.
Paraguay’s economy has expanded at an average rate since 2008, with an average GDP growth rate of 4.7% p.a., when adjusted for inflation. There have been only been two rates of decline over the past decade (-0.3% in 2010 and -0.5% in 2013), and in 2018 stands at a rate of 5.0%.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential