Bolivia: Oil Crops Market 2025

Oil Crops Market Size in Bolivia

The Bolivian oil crops market contracted rapidly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a perceptible decrease. Oil crops consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Oil Crops Production in Bolivia

In value terms, oil crops production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Oil crops production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of oil crops (primary) in Bolivia declined to X tons per ha in 2022, which is down by X% against 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the average oil crops yield attained the peak level at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Bolivia declined slightly to X ha, which is down by X% against 2021 figures. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The oil crops harvested area peaked at X ha in 2021, and then reduced in the following year.

Oil Crops Exports

Exports from Bolivia

In 2022, shipments abroad of oil crops (primary) increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil crops exports soared to $X in 2022. Overall, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for oil crops exports from Bolivia, accounting for a X% share of total exports. Moreover, oil crops exports to Argentina exceeded the volume sent to the second major destination, Peru (X tons), fivefold. Colombia (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 Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Colombia (X% per year).

In value terms, Argentina ($X) emerged as the key foreign market for oil crops (primary) exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Colombia (X% per year).

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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

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

Oil Crops Imports

Imports into Bolivia

For the fourth consecutive year, Bolivia recorded growth in overseas purchases of oil crops (primary), which increased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports surged to $X in 2022. Overall, imports showed a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina (X tons), Paraguay (X tons) and Canada (X tons) were the main suppliers of oil crops imports to Bolivia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest oil crops suppliers to Bolivia were Argentina ($X), Paraguay ($X) and Canada ($X), together comprising X% of total imports.

Paraguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform