Bolivia: Chestnut Market 2020

Chestnut Market Size in Bolivia

The revenue of the chestnut market in Bolivia amounted to $X in 2018, waning by -X% against the previous year. In general, the total market indicated a pronounced expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chestnut consumption increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. In that year, the chestnut market reached its peak level of $X, and then declined slightly in the following year.

Chestnut Production in Bolivia

In value terms, chestnut production amounted to $X in 2018 estimated in export prices. Overall, chestnut production continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, chestnut production attained its peak level of $X, and then declined slightly in the following year.

Average yield of chestnuts in Bolivia amounted to X ton per ha in 2018, approximately reflecting the previous year. In general, the chestnut yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when yield increased by X% year-to-year. Over the period under review, the chestnut yield reached its maximum level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of chestnuts were harvested in Bolivia; jumping by X% against the previous year. In general, the total harvested area indicated a conspicuous increase from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to chestnut production reached its maximum in 2018 and is likely to see steady growth in the immediate term.

Chestnut Exports

Exports by Country

In 2018, China (X tons) was the main exporter of chestnuts, mixing up X% of total exports. It was distantly followed by Italy (X tons), Turkey (X tons), Portugal (X tons), Spain (X tons) and South Korea (X tons), together constituting a X% share of total exports. Greece (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of chestnuts exports. At the same time, Turkey (+X%), Greece (+X%), Spain (+X%), Italy (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Turkey, Spain, Italy, Portugal and Greece increased by +X%, +X%, +X%, +X% and +X% percentage points, while China (-X p.p.) and South Korea (-X p.p.) saw their share reduced.

In value terms, the largest chestnut markets from Bolivia were China ($X), Italy ($X) and Portugal ($X), with a combined X% share of total exports. Turkey, Spain, South Korea and Greece lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the chestnut export price in Bolivia amounted to $X per ton, shrinking by -X% against the previous year. In general, the chestnut export price continues to indicate a relatively flat trend pattern. Bolivia export price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Greece, while the other leaders experienced more modest paces of growth.

Chestnut Imports

Imports by Country

Italy represented the key importer of chestnuts in the world, with the volume of imports reaching X tons, which was near X% of total imports in 2018. It was distantly followed by China (X tons), France (X tons), Germany (X tons), Taiwan, Chinese (X tons) and Thailand (X tons), together comprising a X% share of total imports. The following importers - Spain (X tons), Lebanon (X tons), Israel (X tons), the U.S. (X tons), Japan (X tons) and Switzerland (X tons) - together made up X% of total imports.

Italy was also the fastest-growing in terms of the chestnuts imports, with a CAGR of +X% from 2007 to 2018. At the same time, Spain (+X%), France (+X%), Taiwan, Chinese (+X%), Israel (+X%), Germany (+X%) and Thailand (+X%) displayed positive paces of growth. Switzerland experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), China (-X%), Lebanon (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of Italy (+X p.p.), France (+X p.p.), Taiwan, Chinese (+X p.p.), Spain (+X p.p.) and Germany (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Lebanon (-X p.p.), China (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported chestnuts into Bolivia, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Italy amounted to +X%. In the other countries, the average annual rates were as follows: China (-X% per year) and France (+X% per year).

Import Prices by Country

The chestnut import price in Bolivia stood at $X per ton in 2018, standing approx. at the previous year. Over the period under review, the chestnut import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lebanon, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform