Bolivia: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Bolivia

After five years of growth, the Bolivian trailer and semi-trailer market decreased by -63% to $X in 2022. Over the period under review, consumption, however, enjoyed notable growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Trailer And Semi-Trailer Production in Bolivia

In value terms, trailer and semi-trailer production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1,338%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Trailer And Semi-Trailer Exports

Exports from Bolivia

In 2022, the amount of cargo trailers and semi-trailers exported from Bolivia reduced dramatically to X units, falling by -70.6% on the previous year's figure. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,677,657%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports dropped sharply to $X in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 6,541%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X units), Brazil (X units) and Chile (X units) were the main destinations of trailer and semi-trailer exports from Bolivia, together accounting for 80% of total exports. Moreover, trailer and semi-trailer exports in Peru exceeded the figures recorded by the second-largest exporter, Brazil, twofold.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Bolivia, comprising 60% of total exports. The second position in the ranking was taken by Chile ($X), with a 28% share of total exports. It was followed by Uruguay, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+52.6% per year) and Uruguay (-74.8% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, waning by -66.3% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 82,407%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Peru ($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 Paraguay (+153,179.2%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Bolivia

Trailer and semi-trailer imports into Bolivia dropped notably to X units in 2022, with a decrease of -33.2% against the previous year. In general, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2014 with an increase of 73%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, trailer and semi-trailer imports skyrocketed to $X in 2022. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 110%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of trailer and semi-trailer to Bolivia, with a 64% share of total imports. Moreover, trailer and semi-trailer imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X units), tenfold. The third position in this ranking was held by Canada (X units), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-30.0% per year) and Canada (+0.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of cargo trailers and semi-trailers to Bolivia, comprising 84% of total imports. The second position in the ranking was held by Argentina ($X), with a 7.2% share of total imports. It was followed by Spain, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-4.8% per year) and Spain (-26.3% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, jumping by 99% against the previous year. Overall, the import price posted strong growth. As a result, import price attained 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 Argentina ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+101.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform