Bolivia: Pressure-Reducing Iron Valve Market 2025

Pressure-Reducing Iron Valve Market Size in Bolivia

The Bolivian pressure-reducing iron valve market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption recorded a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pressure-Reducing Iron Valve Exports

Exports from Bolivia

In 2022, the amount of pressure-reducing, control, check and safety valves exported from Bolivia soared to X units, growing by 22% against 2021 figures. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 852% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports soared to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 when exports increased by 793% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X units) and the United States (X units) were the main destinations of pressure-reducing iron valve exports from Bolivia.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.5%).

In value terms, the United States ($X) remains the key foreign market for pressure-reducing, control, check and safety valves exports from Bolivia, comprising 79% of total exports. The second position in the ranking was held by Paraguay ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +16.9%.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, which is down by -4.9% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pressure-reducing iron valve export price decreased by -7.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 104% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Paraguay stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pressure-Reducing Iron Valve Imports

Imports into Bolivia

Pressure-reducing iron valve imports into Bolivia surged to X units in 2022, jumping by 106% compared with the year before. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 135%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, pressure-reducing iron valve imports skyrocketed to $X in 2022. Overall, imports saw a notable expansion. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest pressure-reducing iron valve supplier to Bolivia, accounting for a 54% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), fourfold. Brazil (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+52.1% per year) and Brazil (+25.0% per year).

In value terms, Argentina ($X), China ($X) and the United States ($X) appeared to be the largest pressure-reducing iron valve suppliers to Bolivia, with a combined 69% share of total imports. Brazil, Italy, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 16%.

Taiwan (Chinese), with a CAGR of +48.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 pressure-reducing iron valve import price amounted to $X per unit, declining by -2.3% against the previous year. In general, the import price faced a deep slump. The pace of growth appeared the most rapid in 2021 an increase of 47% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform