Bolivia: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Bolivia

The Bolivian metal spring washer market expanded to $X in 2022, with an increase of 3.4% 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, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Spring Washer Exports

Exports from Bolivia

Metal spring washer exports from Bolivia shrank markedly to X kg in 2022, with a decrease of -67.2% on 2021 figures. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 800% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports shrank markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 216% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X kg) was the main destination for metal spring washer exports from Bolivia, with a 70% share of total exports. Moreover, metal spring washer exports to Mexico exceeded the volume sent to the second major destination, Colombia (X kg), fivefold. The third position in this ranking was held by Argentina (X kg), with a 5% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to Mexico stood at +55.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and Argentina (-53.9% per year).

In value terms, Mexico ($X) remains the key foreign market for iron or steel spring washers exports from Bolivia, comprising 60% of total exports. The second position in the ranking was held by Colombia ($X), with a 20% share of total exports. It was followed by the United States, with an 11% share.

From 2015 to 2022, the average annual growth rate of value to Mexico totaled +122.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-43.7% per year) and the United States (-39.2% per year).

Export Prices by Country

In 2022, the average metal spring washer export price amounted to $X per ton, growing by 35% against the previous year. Overall, the export price enjoyed a significant increase. The growth pace was the most rapid in 2016 an increase of 1,028%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+384.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Bolivia

In 2022, the amount of iron or steel spring washers imported into Bolivia reduced to X tons, which is down by -7.1% on the year before. In general, imports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, metal spring washer imports totaled $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal spring washer supplier to Bolivia, accounting for a 63% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Argentina (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.5% per year) and Argentina (+19.8% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Bolivia, comprising 37% of total imports. The second position in the ranking was held by Brazil ($X), with a 17% share of total imports. It was followed by Argentina, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.8% per year) and Argentina (+14.7% per year).

Import Prices by Country

The average metal spring washer import price stood at $X per ton in 2022, rising by 19% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 75%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average 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 the United States ($X per ton), while the price for China ($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 (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform