Bolivia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Bolivia

The Bolivian market for chocolate bars with cereals, fruit or nuts amounted to $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -5.5% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Bolivia

In value terms, production of chocolate bars with cereals, fruit or nuts rose modestly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Bolivia

Exports of chocolate bars with cereals, fruit or nuts from Bolivia fell notably to X kg in 2022, shrinking by -81.5% against 2021 figures. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 184% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts dropped significantly to $X in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 145%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Japan (X kg) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Bolivia, accounting for a 57% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Japan exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was held by Germany (X kg), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.6% per year) and Germany (+8.0% per year).

In value terms, Japan ($X) emerged as the key foreign market for chocolate bars with cereals, fruit or nuts exports from Bolivia, comprising 57% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by the United States, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.3% per year) and the United States (-19.7% per year).

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, increasing by 124% against the previous year. In general, the export price continues to indicate a modest expansion. The growth pace was the most rapid in 2019 when the average export price increased by 199% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Argentina ($X per ton), while the average price for exports to the United States ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Bolivia

Imports of chocolate bars with cereals, fruit or nuts into Bolivia contracted dramatically to X tons in 2022, dropping by -20.9% compared with the previous year's figure. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of chocolate bars with cereals, fruit or nuts declined slightly to $X in 2022. In general, imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of 50%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Chile (X tons) and Peru (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Bolivia, together comprising 71% of total imports. Argentina, China, Bangladesh, the United States and Turkey lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Bolivia were Brazil ($X), Peru ($X) and Argentina ($X), with a combined 77% share of total imports. Chile, the United States, China, Bangladesh and Turkey lagged somewhat behind, together comprising a further 18%.

China, with a CAGR of +31.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, with an increase of 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. 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 Argentina ($X per ton), while the price for Turkey ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform