Bolivia: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Bolivia

The Bolivian electric oven and cooker market rose sharply to $X in 2022, picking up by 8.9% against 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). Overall, consumption showed prominent growth. Electric oven and cooker consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Bolivia

In 2022, exports of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters from Bolivia dropped remarkably to X units, waning by -50% on the previous year's figure. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 3,217%. The exports peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, electric oven and cooker exports fell significantly to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 5,323% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Venezuela (X units) was the main destination for electric oven and cooker exports from Bolivia, with a 75% share of total exports. Moreover, electric oven and cooker exports to Venezuela exceeded the volume sent to the second major destination, Spain (X units), fourfold. Chile (X units) ranked third in terms of total exports with a 3% share.

From 2015 to 2022, the average annual growth rate of volume to Venezuela totaled +98.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+104.8% per year) and Chile (+58.4% per year).

In value terms, Venezuela ($X), Spain ($X) and Chile ($X) constituted the largest markets for electric oven and cooker exported from Bolivia worldwide, with a combined 97% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +77.3%, recorded 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

The average electric oven and cooker export price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 64%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Costa Rica ($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 (+11.9%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Bolivia

For the fourth year in a row, Bolivia recorded growth in supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, which increased by 11% to X units in 2022. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 115%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, electric oven and cooker imports expanded notably to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +10.8% 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 +25.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric oven and cooker to Bolivia, accounting for a 72% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+40.8% per year) and Brazil (+28.3% per year).

In value terms, the largest electric oven and cooker suppliers to Bolivia were Brazil ($X), China ($X) and Spain ($X), together comprising 78% of total imports.

Brazil, with a CAGR of +24.0%, saw 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

The average electric oven and cooker import price stood at $X per unit in 2022, with a decrease of -5.5% against the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 28%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform