Bolivia: Plastic Support Market 2024

Plastic Support Market Size in Bolivia

The Bolivian plastic support market was estimated at $X in 2022, growing by 3.4% against the previous year. Overall, consumption continues to indicate a slight expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Support Production in Bolivia

In value terms, plastic support production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Bolivia

Plastic support exports from Bolivia surged to X tons in 2022, with an increase of 54% compared with the year before. In general, exports, however, recorded a deep slump. The growth pace was the most rapid in 2014 when exports increased by 7,814% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic support exports soared to $X in 2022. Overall, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 11,340%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for plastic support exports from Bolivia, accounting for a 98% share of total exports. It was followed by Italy (X kg), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Peru totaled +87.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-59.5% per year) and Brazil (-60.7% per year).

In value terms, Peru ($X) remains the key foreign market for spools, cops and similar supports of plastics exports from Bolivia, comprising 99% of total exports. The second position in the ranking was held by Italy ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to +63.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-60.2% per year) and Brazil (-59.2% per year).

Export Prices by Country

In 2022, the average plastic support export price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 175% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 Peru ($X per ton), while the average price for exports to Italy ($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 Paraguay (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Support Imports

Imports into Bolivia

In 2022, approx. X tons of spools, cops and similar supports of plastics were imported into Bolivia; with a decrease of -1.5% against 2021. In general, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, plastic support imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of plastic support to Bolivia, with a 44% share of total imports. Moreover, plastic support imports from Peru exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-1.8% per year) and Mexico (+19.9% per year).

In value terms, Peru ($X) constituted the largest supplier of spools, cops and similar supports of plastics to Bolivia, comprising 44% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports. It was followed by Mexico, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+0.1% per year) and Mexico (+23.9% per year).

Import Prices by Country

The average plastic support import price stood at $X per ton in 2022, rising by 9.5% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic support import price increased by +64.0% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and Colombia ($X per ton), while the price for Brazil ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform