Bolivia: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Bolivia

In 2022, the Bolivian market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, faced a drastic downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports from Bolivia

In 2022, shipments abroad of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reduced dramatically to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

Colombia (X units) was the main destination for exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Bolivia, accounting for a X% share of total exports. Moreover, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Colombia exceeded the volume sent to the second major destination, Ecuador (X units), ninefold. The third position in this ranking was taken by Paraguay (X units), with a X% share.

From 2015 to 2022, the average annual growth rate of volume to Colombia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Paraguay (X% per year).

In value terms, the largest markets for machinery for material treatment by heating or cooling process exported from Bolivia were Colombia ($X), Paraguay ($X) and Ecuador ($X), together accounting for X% of total exports. Chile, Mexico, Argentina and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, showed significant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports into Bolivia

In 2022, overseas purchases of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process soared to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X units) constituted the largest machinery for material treatment by heating or cooling process supplier to Bolivia, accounting for a X% share of total imports. Moreover, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

In value terms, the largest machinery for material treatment by heating or cooling process suppliers to Bolivia were Brazil ($X), China ($X) and Argentina ($X), together accounting for X% of total imports. Israel, the United States, Germany, Spain, Turkey, Italy, France and the UK lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price showed a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform