Bolivia: Fertilizer Market 2024

Fertilizer Market Size in Bolivia

The Bolivian fertilizer market reduced dramatically to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, saw strong growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Fertilizer Production in Bolivia

In value terms, fertilizer production shrank rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Fertilizer production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from Bolivia

In 2022, exports of fertilizers from Bolivia skyrocketed to X tons, rising by X% against the previous year. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, fertilizer exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons), Argentina (X tons) and Peru (X tons) were the main destinations of fertilizer exports from Bolivia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fertilizer exported from Bolivia were Brazil ($X), Argentina ($X) and Peru ($X), with a combined X% share of total exports.

Brazil, with a CAGR of X.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 fertilizer export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, faced a precipitous setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and Argentina ($X per ton), while the average price for exports to Chile ($X per ton) and Brazil ($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 Uruguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Bolivia

In 2022, after two years of growth, there was significant decline in supplies from abroad of fertilizers, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, fertilizer imports soared to $X in 2022. Over the period under review, 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 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Chile (X tons), China (X tons) and Russia (X tons) were the main suppliers of fertilizer imports to Bolivia, together comprising X% of total imports. The United States, Brazil, Mexico and Peru lagged somewhat behind, together comprising a further X%.

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

In value terms, Chile ($X), China ($X) and Russia ($X) constituted the largest fertilizer suppliers to Bolivia, with a combined X% share of total imports.

China, with a CAGR of X%, recorded 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

In 2022, the average fertilizer import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price 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, fertilizer import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and Peru ($X per ton), while the price for Chile ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform