Bolivia: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Bolivia

The Bolivian steel and iron articles market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Articles Of Iron Or Steel

Exports from Bolivia

Steel and iron articles exports from Bolivia contracted remarkably to X tons in 2022, which is down by -37.6% on the year before. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 6,536% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, steel and iron articles exports shrank remarkably to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 17,156% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), the United States (X tons) and Chile (X tons) were the main destinations of steel and iron articles exports from Bolivia, together accounting for 69% of total exports. Mexico, Argentina, Malaysia, Brazil and Honduras lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +1,341.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel and iron articles exported from Bolivia were Colombia ($X), the United States ($X) and Malaysia ($X), together comprising 60% of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +2,060.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, with a decrease of -11.4% against the previous year. In general, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 322% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+257.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Bolivia

In 2022, the amount of articles of iron or steel imported into Bolivia soared to X tons, increasing by 48% compared with the year before. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, steel and iron articles imports soared to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel and iron articles to Bolivia, accounting for a 71% share of total imports. Moreover, steel and iron articles imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+12.2% per year) and Colombia (+46.2% per year).

In value terms, China ($X), Brazil ($X) and the United States ($X) appeared to be the largest steel and iron articles suppliers to Bolivia, with a combined 81% share of total imports. Colombia, Argentina and Spain lagged somewhat behind, together comprising a further 7.2%.

Colombia, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform