Bolivia: Meat Market 2024

Meat Market Size in Bolivia

The Bolivian meat market shrank to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Meat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Meat Production in Bolivia

In value terms, meat production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Meat production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average meat yield in Bolivia contracted to X kg per head, leveling off at the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. The meat yield peaked at X kg per head in 2021, and then fell in the following year.

In 2022, number of animals slaughtered for meat production in Bolivia contracted slightly to X heads, flattening at 2021. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2021, and then fell modestly in the following year.

Meat Exports

Exports from Bolivia

In 2022, overseas shipments of meat increased by X% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, meat exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for meat exports from Bolivia, with a X% share of total exports. Moreover, meat exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), eightfold. Russia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Russia (X% per year).

In value terms, China ($X) remains the key foreign market for meat exports from Bolivia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X.8% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average meat export price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Peru ($X per ton), while the average price for exports to Russia ($X per ton) and Hong Kong SAR ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Bolivia

In 2022, the amount of meat imported into Bolivia reduced to X tons, waning by X% on the previous year. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, meat imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of meat to Bolivia, accounting for a X% share of total imports. Moreover, meat imports from Brazil exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%.

In value terms, Brazil ($X) constituted the largest supplier of meat to Bolivia, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at X%.

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Chile ($X per ton), while the price for Brazil amounted to $X per ton.

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

Source: IndexBox Platform