Bolivia: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Bolivia

The Bolivian non-self-propelled fork-lift truck market stood at $X in 2022, picking up by 3.9% 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 enjoyed a buoyant increase. Non-self-propelled fork-lift truck consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Bolivia

In 2020, shipments abroad of non-self-propelled fork-lift trucks increased by 214% to X units, rising for the third year in a row after two years of decline. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-self-propelled fork-lift truck exports soared to $X in 2020. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 5,493% against the previous year. The exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for non-self-propelled fork-lift truck exports from Bolivia, accounting for a 70% share of total exports. Moreover, non-self-propelled fork-lift truck exports to the United States exceeded the volume sent to the second major destination, Spain (X units), fourfold. Mexico (X units) ranked third in terms of total exports with a 9.9% share.

From 2015 to 2020, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+103.0% per year) and Mexico (0.0% per year).

In value terms, Mexico ($X) emerged as the key foreign market for non-self-propelled fork-lift trucks exports from Bolivia, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 27% share of total exports. It was followed by Peru, with a 1% share.

From 2015 to 2020, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Peru (+46.4% per year).

Export Prices by Country

In 2020, the average non-self-propelled fork-lift truck export price amounted to $X per unit, with an increase of 228% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 162,087%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2020, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2015 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+162.8%).

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Bolivia

In 2022, approx. X units of non-self-propelled fork-lift trucks were imported into Bolivia; increasing by 9.3% on the previous year's figure. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 227%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck imports fell slightly to $X in 2022. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 119%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X units), China (X units) and South Korea (X units) were the main suppliers of non-self-propelled fork-lift truck imports to Bolivia, together accounting for 96% of total imports.

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 +54.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Italy ($X) were the largest non-self-propelled fork-lift truck suppliers to Bolivia, together comprising 90% of total imports. South Korea lagged somewhat behind, comprising a further 1.3%.

South Korea, with a CAGR of +85.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, with a decrease of -8.8% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 67%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform