Bolivia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Bolivia

The Bolivian pasta and couscous market rose modestly to $X in 2022, increasing by 2.5% against the previous year. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in Bolivia

In value terms, pasta and couscous production totaled $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 42% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports from Bolivia

In 2022, approx. X tons of stuffed pasta and couscous were exported from Bolivia; picking up by 44% against the previous year's figure. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 63%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pasta and couscous exports soared to $X in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 67% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for pasta and couscous exports from Bolivia, accounting for a 54% share of total exports. Moreover, pasta and couscous exports to Canada exceeded the volume sent to the second major destination, the United States (X tons), twofold. Australia (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.9% per year) and Australia (+9.3% per year).

In value terms, Canada ($X), the United States ($X) and Australia ($X) appeared to be the largest markets for pasta and couscous exported from Bolivia worldwide, with a combined 80% share of total exports. New Zealand, Spain, Peru and France lagged somewhat behind, together comprising a further 17%.

Among the main countries of destination, Peru, with a CAGR of +28.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, falling by -12.9% against the previous year. Over the period under review, the export price saw a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Canada ($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 Australia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Bolivia

In 2022, supplies from abroad of stuffed pasta and couscous decreased by -9.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 117% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, pasta and couscous imports soared to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 76%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of pasta and couscous to Bolivia, accounting for a 50% share of total imports. Moreover, pasta and couscous imports from Brazil exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.8% per year) and China (+56.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of stuffed pasta and couscous to Bolivia, comprising 51% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.1% per year) and China (+59.3% per year).

Import Prices by Country

The average pasta and couscous import price stood at $X per ton in 2022, picking up by 56% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform