Bolivia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Bolivia

In 2022, the Bolivian polypropylene in primary forms market increased by 15% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.6% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Exports of Polypropylene in Primary Forms

Exports from Bolivia

In 2021, shipments abroad of polypropylene in primary forms decreased by -85.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 1,487% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports contracted significantly to $X in 2021. In general, exports saw a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 561% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for polypropylene in primary forms exports from Bolivia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Chile was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for polypropylene in primary forms exports from Bolivia.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

In 2021, the average polypropylene in primary forms export price amounted to $X per ton, surging by 174% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 273% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +720.6% per year.

Imports of Polypropylene in Primary Forms

Imports into Bolivia

In 2022, supplies from abroad of polypropylene in primary forms increased by 11% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, polypropylene in primary forms imports surged to $X in 2022. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 85%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) constituted the largest polypropylene in primary forms supplier to Bolivia, with a 55% share of total imports. Moreover, polypropylene in primary forms imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+77.6% per year) and Colombia (-5.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of polypropylene in primary forms to Bolivia, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Colombia, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+85.4% per year) and Colombia (-4.3% per year).

Import Prices by Country

The average polypropylene in primary forms import price stood at $X per ton in 2022, rising by 5.8% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polypropylene in primary forms import price increased by +59.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 51%. 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.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($X per ton) and Brazil ($X per ton), while the price for Saudi Arabia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform