Bolivia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Bolivia

The Bolivian market for candies, sweets, and nonchocolate confectionery skyrocketed to $X in 2022, growing by 16% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Bolivia

In value terms, candy, sweets, and nonchocolate confectionery production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +39.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 55% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Bolivia

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported from Bolivia; which is down by -52.2% against 2021. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 46%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports reduced dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Bolivia, accounting for a 95% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Peru exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to -10.4%.

In value terms, Peru ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Bolivia, comprising 95% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru amounted to -9.9%.

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 an increase of 45%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Paraguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Bolivia

In 2022, overseas purchases of candies, sweets, and nonchocolate confectionery increased by 26% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports soared to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), China (X tons) and Colombia (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Bolivia, together accounting for 58% of total imports. Argentina, Chile, Mexico, Peru, Hong Kong SAR, Ecuador and Guatemala lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Brazil ($X) and China ($X) appeared to be the largest candy, sweets, and nonchocolate confectionery suppliers to Bolivia, together accounting for 56% of total imports. Chile, Argentina, Mexico, Ecuador, Peru, Guatemala and Hong Kong SAR lagged somewhat behind, together accounting for a further 41%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +36.0%, recorded 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 import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, rising by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform