Bolivia: Cement Market 2024

Cement Market Size in Bolivia

In 2022, the Bolivian cement market increased by 0.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.7% against 2020 indices. Cement consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cement Production in Bolivia

In value terms, cement production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 75% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports from Bolivia

In 2022, overseas shipments of cement decreased by -44.4% to X tons, falling for the third consecutive year after five years of growth. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 14,327% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cement exports declined remarkably to $X in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 3,787% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for cement exports from Bolivia, accounting for a 100% share of total exports. It was followed by Chile (X tons), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay stood at +167.4%.

In value terms, Paraguay ($X) remains the key foreign market for cement exports from Bolivia, comprising 100% of total exports. The second position in the ranking was held by Chile ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Paraguay amounted to +108.3%.

Export Prices by Country

In 2022, the average cement export price amounted to $X per ton, shrinking by -5.4% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of 60% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($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 Argentina (-1.6%), while the prices for the other major destinations experienced a decline.

Cement Imports

Imports into Bolivia

Cement imports into Bolivia declined to X tons in 2022, waning by -11.2% compared with 2021. In general, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2015 when imports increased by 47%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cement imports dropped to $X in 2022. Over the period under review, imports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 48%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest cement supplier to Bolivia, accounting for a 62% share of total imports. Moreover, cement imports from Turkey exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was taken by Argentina (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +77.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-38.6% per year) and Argentina (-17.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of cement to Bolivia, comprising 60% of total imports. The second position in the ranking was taken by Argentina ($X), with a 21% share of total imports. It was followed by Peru, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +69.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-15.0% per year) and Peru (-38.7% per year).

Import Prices by Country

In 2022, the average cement import price amounted to $X per ton, shrinking by -3.6% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement import price decreased by -4.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 42%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 Brazil ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform