Bolivia: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Bolivia

The Bolivian non-knitted men apparel market reached $X in 2022, growing by 5.8% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 -3.3% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Non-Knitted Men Apparel Production in Bolivia

In value terms, non-knitted men apparel production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 130% against the previous year. Non-knitted men apparel production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Knitted Men Apparel Exports

Exports from Bolivia

In 2022, exports of men's or boys' clothing (not knitted or crocheted) from Bolivia declined rapidly to X units, shrinking by -24.7% on the previous year's figure. Overall, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 170%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-knitted men apparel exports contracted dramatically to $X in 2022. In general, exports saw a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 163%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for non-knitted men apparel exports from Bolivia, accounting for a 79% share of total exports. Moreover, non-knitted men apparel exports to Chile exceeded the volume sent to the second major destination, Paraguay (X units), fivefold. The United States (X units) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Chile stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-30.0% per year) and the United States (-14.0% per year).

In value terms, Chile ($X) remains the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Bolivia, comprising 74% of total exports. The second position in the ranking was held by the United States ($X), with a 9.4% share of total exports. It was followed by Peru, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.5% per year) and Peru (+14.3% per year).

Export Prices by Country

In 2022, the average non-knitted men apparel export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2019 an increase of 74% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 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 ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Men Apparel Imports

Imports into Bolivia

In 2022, supplies from abroad of men's or boys' clothing (not knitted or crocheted) increased by 59% to X units, rising for the second year in a row after eight years of decline. Overall, imports, however, continue to indicate a dramatic decrease. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-knitted men apparel imports soared to $X in 2022. In general, imports, however, showed a perceptible reduction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Bangladesh (X units) and Vietnam (X units) were the main suppliers of non-knitted men apparel imports to Bolivia, with a combined 43% share of total imports. Peru, Cambodia, Pakistan, Mexico, Ecuador, Brazil, Colombia, Egypt, Indonesia and Malaysia lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +66.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to Bolivia, comprising 31% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 11% share of total imports. It was followed by Vietnam, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+28.1% per year) and Vietnam (+13.0% per year).

Import Prices by Country

The average non-knitted men apparel import price stood at $X per unit in 2022, picking up by 1.6% against the previous year. Overall, the import price showed a significant increase. The growth pace was the most rapid in 2016 an increase of 100% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 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 China ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform