Bolivia: Potato Chips Market 2024

Potato Chips Market Size in Bolivia

The Bolivian potato chips market rose significantly to $X in 2022, picking up by 10% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Potato Chips Production in Bolivia

In value terms, potato chips production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -7.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Potato Chips Exports

Exports from Bolivia

In 2022, shipments abroad of potato chips increased by 6% to X tons, rising for the second consecutive year after four years of decline. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 331%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, potato chips exports surged to $X in 2022. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 166% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Paraguay (X tons) was the main destination for potato chips exports from Bolivia, with a 93% share of total exports. Moreover, potato chips exports to Paraguay exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Paraguay totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.7% per year) and Spain (-19.4% per year).

In value terms, Paraguay ($X) remains the key foreign market for potato chips exports from Bolivia, comprising 96% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.5% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Paraguay stood at +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.7% per year) and Spain (-17.0% per year).

Export Prices by Country

In 2022, the average potato chips export price amounted to $X per ton, increasing by 13% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 110%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Paraguay ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Bolivia

In 2022, overseas purchases of potato chips were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a resilient increase. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, potato chips imports surged to $X in 2022. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of potato chips to Bolivia, accounting for a 59% share of total imports. Moreover, potato chips imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+18.6% per year) and Mexico (+11.8% per year).

In value terms, the United States ($X) constituted the largest supplier of potato chips to Bolivia, comprising 59% of total imports. The second position in the ranking was taken by Peru ($X), with a 29% share of total imports. It was followed by Mexico, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+17.2% per year) and Mexico (+7.7% per year).

Import Prices by Country

In 2022, the average potato chips import price amounted to $X per ton, with a decrease of -20.4% against the previous year. Overall, the import price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2021 an increase of 54%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform