Bolivia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Bolivia

The Bolivian market for gingerbread, sweet biscuits and waffles shrank to $X in 2022, declining by -1.7% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.0% against 2019 indices. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Bolivia

In value terms, gingerbread, sweet biscuit and waffle production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Gingerbread, sweet biscuit and waffle production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Bolivia

In 2022, shipments abroad of gingerbread, sweet biscuits and waffles increased by 21% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 52%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.1% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Bolivia, with a 74% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), fivefold. The third position in this ranking was taken by Uruguay (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+76.9% per year) and Uruguay (-7.6% per year).

In value terms, Peru ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Bolivia, comprising 70% of total exports. The second position in the ranking was taken by Chile ($X), with a 19% share of total exports. It was followed by Uruguay, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+66.9% per year) and Uruguay (-6.8% per year).

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, growing by 21% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Chile ($X per ton) and Peru ($X per ton), while the average price for exports to Uruguay ($X per ton) and Paraguay ($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 (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Bolivia

In 2022, gingerbread, sweet biscuit and waffle imports into Bolivia reduced modestly to X tons, which is down by -4.7% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 9.8%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports surged to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X tons), Chile (X tons) and Argentina (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Bolivia, with a combined 82% share of total imports. Brazil, Turkey, Paraguay and Colombia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Paraguay (with a CAGR of +57.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Bolivia, comprising 58% of total imports. The second position in the ranking was held by Argentina ($X), with a 15% share of total imports. It was followed by Brazil, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-1.0% per year) and Brazil (+2.5% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, growing by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform