Bolivia: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in Bolivia

The Bolivian fork-lift truck market reduced remarkably to $X in 2022, falling by -16.8% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +10.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Fork-Lift Truck Production in Bolivia

In value terms, fork-lift truck production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 81%. Fork-lift truck production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Fork-Lift Truck Exports

Exports from Bolivia

Fork-lift truck exports from Bolivia declined rapidly to X units in 2022, which is down by -50% compared with 2021. Overall, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of 169,900%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fork-lift truck exports expanded rapidly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 694%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for fork-lift truck exports from Bolivia, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Chile totaled +10.4%.

In value terms, Chile ($X) also remains the key foreign market for fork-lift trucks exports from Bolivia.

From 2015 to 2022, the average annual growth rate of value to Chile totaled +11.8%.

Export Prices by Country

The average fork-lift truck export price stood at $X per unit in 2022, surging by 128% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2016 an increase of 1,516,729% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2015 to 2022, the rate of growth in terms of prices for Austria amounted to +707.1% per year.

Fork-Lift Truck Imports

Imports into Bolivia

In 2022, after two years of growth, there was significant decline in purchases abroad of fork-lift trucks, when their volume decreased by -27.7% to X units. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 201%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, fork-lift truck imports soared to $X in 2022. Overall, imports, however, continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2014 with an increase of 72%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X units), China (X units) and Japan (X units) were the main suppliers of fork-lift truck imports to Bolivia, with a combined 92% share of total imports. South Korea, Italy and the United States lagged somewhat behind, together accounting for a further 5.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the largest fork-lift truck suppliers to Bolivia, with a combined 80% share of total imports. Brazil, Italy and South Korea lagged somewhat behind, together comprising a further 9.6%.

Among the main suppliers, Brazil, with a CAGR of +17.8%, recorded the highest growth rate of the value of imports, 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 fork-lift truck import price amounted to $X per unit, rising by 118% against the previous year. In general, the import price, however, showed a abrupt shrinkage. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform