Bolivia: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Bolivia

The Bolivian broom, brush, and mop market rose slightly to $X in 2022, increasing by 2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Broom, brush, and mop consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Brooms, Brushes, And Mops

Exports from Bolivia

In 2022, exports of brooms, brushes, and mops from Bolivia soared to X units, growing by 394% against 2021. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, broom, brush, and mop exports contracted significantly to $X in 2022. Overall, exports, however, showed a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of 45%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for broom, brush, and mop exports from Bolivia, accounting for a 94% share of total exports. It was followed by the United States (X units), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at +156.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.1% per year) and Chile (-38.7% per year).

In value terms, Colombia ($X) emerged as the key foreign market for brooms, brushes, and mops exports from Bolivia, comprising 73% of total exports. The second position in the ranking was taken by Chile ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to +119.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-36.0% per year) and the United States (+26.0% per year).

Export Prices by Country

The average broom, brush, and mop export price stood at $X per unit in 2022, with a decrease of -83.8% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,394% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Brooms, Brushes, And Mops

Imports into Bolivia

In 2022, overseas purchases of brooms, brushes, and mops increased by 3.4% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2016 when imports increased by 16%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, broom, brush, and mop imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Imports peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

Brazil (X units), Vietnam (X units) and China (X units) were the main suppliers of broom, brush, and mop imports to Bolivia, together accounting for 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest broom, brush, and mop suppliers to Bolivia were Brazil ($X), China ($X) and Vietnam ($X), together accounting for 78% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +24.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average broom, brush, and mop import price amounted to $X per unit, falling by -1.8% against the previous year. In general, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then dropped modestly in the following year.

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 Peru ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform