Bolivia: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Bolivia

In 2022, the Bolivian vulcanised rubber seal market increased by 40% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Seal Exports

Exports from Bolivia

In 2022, shipments abroad of seals of vulcanised rubber decreased by -74.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 182% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, vulcanised rubber seal exports dropped significantly to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 50% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Argentina (X tons) was the main destination for vulcanised rubber seal exports from Bolivia, accounting for a 63% share of total exports. Moreover, vulcanised rubber seal exports to Argentina exceeded the volume sent to the second major destination, Ecuador (X kg), fivefold. The third position in this ranking was taken by Russia (X kg), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+72.8% per year) and Russia (+12.4% per year).

In value terms, Argentina ($X) emerged as the key foreign market for seals of vulcanised rubber exports from Bolivia, comprising 41% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Chile, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.8% per year) and Chile (+1.9% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, increasing by 148% against the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 251%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+442.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Bolivia

In 2022, supplies from abroad of seals of vulcanised rubber increased by 55% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber seal imports surged to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Costa Rica (X tons) and Brazil (X tons) were the main suppliers of vulcanised rubber seal imports to Bolivia, with a combined 68% share of total imports. The United States, Italy, Taiwan (Chinese), Mexico and Japan lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber seal suppliers to Bolivia were Brazil ($X), the United States ($X) and China ($X), with a combined 56% share of total imports. Costa Rica, Italy, Japan, Taiwan (Chinese) and Mexico lagged somewhat behind, together comprising a further 23%.

Taiwan (Chinese), with a CAGR of +14.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber seal import price stood at $X per ton in 2022, declining by -15.8% against the previous year. In general, the import price saw a mild shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a 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 ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform