Bolivia: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Bolivia

The Bolivian tomato ketchup market stood at $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tomato Ketchup Production in Bolivia

In value terms, tomato ketchup production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 54% against the previous year. Tomato ketchup production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tomato Ketchup Exports

Exports from Bolivia

Tomato ketchup exports from Bolivia declined significantly to X tons in 2022, with a decrease of -20.6% compared with 2021. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 838% against the previous year. The exports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, tomato ketchup exports expanded slightly to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 784% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Paraguay (X tons) was the main destination for tomato ketchup exports from Bolivia, accounting for a 77% share of total exports. Moreover, tomato ketchup exports to Paraguay exceeded the volume sent to the second major destination, Chile (X tons), threefold.

From 2018 to 2022, the average annual growth rate of volume to Paraguay stood at +86.8%.

In value terms, Paraguay ($X) remains the key foreign market for tomato ketchup and tomato sauces exports from Bolivia, comprising 88% of total exports. The second position in the ranking was taken by Chile ($X), with a 12% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of value to Paraguay totaled +81.3%.

Export Prices by Country

The average tomato ketchup export price stood at $X per ton in 2022, rising by 31% against the previous year. In general, the export price, however, saw a abrupt setback. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-2.9%).

Tomato Ketchup Imports

Imports into Bolivia

In 2022, the amount of tomato ketchup and tomato sauces imported into Bolivia expanded remarkably to X tons, with an increase of 5.8% against the year before. In general, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato ketchup imports soared to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Argentina (X tons) and the United States (X tons) were the main suppliers of tomato ketchup imports to Bolivia, together comprising 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup suppliers to Bolivia were Chile ($X), Argentina ($X) and the United States ($X), together accounting for 72% of total imports. Peru, Brazil, Italy, Mexico and Colombia lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Brazil, with a CAGR of +16.6%, recorded the highest rates of growth with regard to 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

The average tomato ketchup import price stood at $X per ton in 2022, growing by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform