Bolivia: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Bolivia

The Bolivian domestic electro-thermic appliances market shrank slightly to $X in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Domestic electro-thermic appliances consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Domestic Electro-Thermic Appliances Exports

Exports from Bolivia

Domestic electro-thermic appliances exports from Bolivia shrank markedly to X units in 2022, dropping by X% compared with 2021. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then dropped markedly in the following year.

In value terms, domestic electro-thermic appliances exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Venezuela (X units), Spain (X units) and Peru (X units) were the main destinations of domestic electro-thermic appliances exports from Bolivia, together accounting for X% of total exports.

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

In value terms, Peru ($X) remains the key foreign market for domestic electro-thermic appliances exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Venezuela (X% per year).

Export Prices by Country

The average domestic electro-thermic appliances export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, faced a abrupt contraction. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

Domestic Electro-Thermic Appliances Imports

Imports into Bolivia

In 2022, approx. X units of domestic electro-thermic appliances were imported into Bolivia; therefore, remained relatively stable against 2021 figures. Over the period under review, imports showed a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, domestic electro-thermic appliances imports fell to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic electro-thermic appliances to Bolivia, with a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, the largest domestic electro-thermic appliances suppliers to Bolivia were China ($X) and Brazil ($X).

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average domestic electro-thermic appliances import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Brazil ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform