Bolivia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Bolivia

The Bolivian potassic fertilizer market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a notable expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Potassic Fertilizer Production in Bolivia

In value terms, potassic fertilizer production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Potassic Fertilizer Exports

Exports from Bolivia

Potassic fertilizer exports from Bolivia soared to X tons in 2022, with an increase of X% against 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, potassic fertilizer exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil (X tons), Chile (X tons) and Peru (X tons) were the main destinations of potassic fertilizer exports from Bolivia, together accounting for X% of total exports.

From 2016 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for potassic fertilizers exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2016 to 2022, the average annual rate of growth in terms of value to Brazil amounted to X.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X.8% per year) and Peru (X% per year).

Export Prices by Country

The average potassic fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a deep downturn. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced a decline.

Potassic Fertilizer Imports

Imports into Bolivia

In 2022, approx. X tons of potassic fertilizers were imported into Bolivia; increasing by X% against the previous year's figure. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, potassic fertilizer imports skyrocketed to $X in 2022. In general, imports recorded a moderate increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Russia (X tons), Canada (X tons) and Germany (X tons) were the main suppliers of potassic fertilizer imports to Bolivia, with a combined X% share of total imports.

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

In value terms, Russia ($X), Canada ($X) and Germany ($X) constituted the largest potassic fertilizer suppliers to Bolivia, together accounting for X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potassic fertilizer import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated measured growth 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, potassic fertilizer import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Germany ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform