Bolivia: Mixed Juices Market 2024

Mixed Juices Market Size in Bolivia

The Bolivian mixed juices market dropped slightly to $X in 2022, with a decrease of -4.4% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Mixed Juices Production in Bolivia

In value terms, mixed juices production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -12.9% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Mixed Juices Exports

Exports from Bolivia

In 2015, approx. X kg of mixtures of fruit and vegetable juices were exported from Bolivia; declining by 99.9% on the year before. Overall, exports saw a dramatic slump. The exports peaked at X tons in 2014, and then declined significantly in the following year.

In value terms, mixed juices exports fell sharply to $X in 2015. In general, exports continue to indicate a significant contraction. Over the period under review, the exports hit record highs at $X in 2014, and then reduced dramatically in the following year.

Exports by Country

The Netherlands (X kg) and the United States (X kg) were the main destinations of mixed juices exports from Bolivia.

From 2014 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%).

In value terms, the United States ($X) emerged as the key foreign market for mixtures of fruit and vegetable juices exports from Bolivia, comprising 80% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total exports.

From 2014 to 2015, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2015, declining by -37.5% against the previous year. Overall, the export price continues to indicate a sharp contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2014, and then contracted markedly in the following year.

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 the Netherlands stood at $X per ton.

From 2014 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Bolivia

For the third year in a row, Bolivia recorded growth in supplies from abroad of mixtures of fruit and vegetable juices, which increased by 36% to X tons in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 200%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, mixed juices imports soared to $X in 2022. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 278%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), South Korea (X tons) and Bangladesh (X tons) were the main suppliers of mixed juices imports to Bolivia.

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 +29.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Bolivia, comprising 59% of total imports. The second position in the ranking was taken by South Korea ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+29.1% per year) and Bangladesh (0.0% per year).

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, increasing by 18% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed juices import price increased by +116.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform