Bolivia: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Bolivia

In 2022, the Bolivian steering wheels and columns market increased by 19% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a slight decrease. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Bolivia

Steering wheels and columns exports from Bolivia soared to X kg in 2022, jumping by 900% compared with the year before. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,867%. Over the period under review, the exports reached the maximum at X kg in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, steering wheels and columns exports surged to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 34,081%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for steering wheels and columns exports from Bolivia, accounting for a 97% share of total exports. It was followed by Paraguay (X kg), with a 3% share of total exports.

From 2016 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for steering wheels, steering columns and steering boxes exports from Bolivia, comprising 99% of total exports. The second position in the ranking was held by Paraguay ($X), with a 1.1% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average steering wheels and columns export price stood at $X per ton in 2022, picking up by 203% against the previous year. In general, the export price posted significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 2,427%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Paraguay totaled $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+79.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Bolivia

In 2022, overseas purchases of steering wheels, steering columns and steering boxes increased by 16% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 154% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, steering wheels and columns imports surged to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +122.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and Brazil (X tons) were the main suppliers of steering wheels and columns imports to Bolivia, with a combined 80% share of total imports. The United States, India, South Korea, Turkey and Sweden lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Brazil ($X) were the largest steering wheels and columns suppliers to Bolivia, with a combined 76% share of total imports. The United States, India, South Korea, Turkey and Sweden lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, South Korea, with a CAGR of +30.8%, saw the highest growth rate of the value of imports, 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 steering wheels and columns import price amounted to $X per ton, picking up by 3.9% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 162%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per ton) and Turkey ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform