The retail delivery market in Paraguay has been experiencing a steady growth in recent years, with a noticeable shift towards online shopping and home delivery services.
Customer preferences: Paraguayan customers have shown a growing preference for online shopping and home delivery services, driven by the convenience and safety they offer. This trend has been further accelerated by the COVID-19 pandemic, which has led to increased demand for contactless delivery options.
Trends in the market: The retail delivery market in Paraguay has witnessed a surge in the number of delivery companies and online platforms offering home delivery services. This has led to increased competition and innovation, with companies offering faster and more reliable delivery options to attract customers. In addition, there has been a rise in the number of partnerships between delivery companies and retailers, allowing customers to access a wider range of products and services.
Local special circumstances: Paraguay's geography and infrastructure pose unique challenges for the retail delivery market. The country's vast rural areas and poor road conditions make it difficult for delivery companies to reach customers in remote areas. This has led to the development of innovative delivery solutions, such as the use of drones and other unmanned vehicles, to reach these areas.
Underlying macroeconomic factors: Paraguay's economy has been growing steadily in recent years, driven by a strong agricultural sector and increasing foreign investment. This has led to a rise in disposable incomes and consumer spending, contributing to the growth of the retail delivery market. In addition, the government has been implementing policies to promote entrepreneurship and innovation, further boosting the growth of the delivery sector.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
