Bolivia: Ride-On Compaction Equipment Market 2025

Ride-On Compaction Equipment Market Size in Bolivia

The Bolivian ride-on compaction equipment market expanded markedly to $X in 2022, picking up by 12% against the previous year. In general, consumption saw a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Ride-On Compaction Equipment Production in Bolivia

In value terms, ride-on compaction equipment production reached $X in 2022 estimated in export price. In general, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 369%. Ride-on compaction equipment production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ride-On Compaction Equipment Exports

Exports from Bolivia

In 2022, approx. X units of ride-on compaction equipment were exported from Bolivia; rising by 71% compared with the previous year. Over the period under review, exports saw a slight expansion. The pace of growth was the most pronounced in 2018 with an increase of 244%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ride-on compaction equipment exports shrank rapidly to $X in 2022. Overall, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 91%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for ride-on compaction equipment exports from Bolivia, with a 58% share of total exports. Moreover, ride-on compaction equipment exports to Saudi Arabia exceeded the volume sent to the second major destination, Brazil (X units), fourfold. Chile (X units) ranked third in terms of total exports with a 17% share.

From 2016 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+100.0% per year) and Chile (+12.2% per year).

In value terms, the largest markets for ride-on compaction equipment exported from Bolivia were Saudi Arabia ($X), Chile ($X) and Peru ($X), together comprising 90% of total exports.

Chile, with a CAGR of +207.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, reducing by -79.7% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 367%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted notably in the following year.

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

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+174.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ride-On Compaction Equipment Imports

Imports into Bolivia

For the third consecutive year, Bolivia recorded decline in overseas purchases of ride-on compaction equipment, which decreased by -3.3% to X units in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 41%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment imports skyrocketed to $X in 2022. Over the period under review, imports recorded a deep reduction. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of ride-on compaction equipment to Bolivia, accounting for a 41% share of total imports. Moreover, ride-on compaction equipment imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.4% per year) and Germany (-14.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of ride-on compaction equipment to Bolivia, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.2% per year) and China (-17.8% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, with an increase of 104% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 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 Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform