Bolivia: Transmission Shaft Market 2024

Transmission Shaft Market Size in Bolivia

The Bolivian transmission shaft market skyrocketed to $X in 2022, jumping by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.2% against 2020 indices. Transmission shaft consumption peaked in 2022 and is expected to retain growth in the near future.

Transmission Shaft Exports

Exports from Bolivia

In 2022, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were exported from Bolivia; growing by 62% against the previous year's figure. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 412% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, transmission shaft exports reduced dramatically to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,291% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of transmission shaft exports from Bolivia, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +189.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exports from Bolivia, comprising 64% of total exports. The second position in the ranking was held by Chile ($X), with a 7.3% share of total exports. It was followed by Colombia, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+32.1% per year) and Colombia (+55.3% per year).

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, dropping by -60.6% against the previous year. In general, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2015 an increase of 171% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Colombia ($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 Chile (+22.8%), while the prices for the other major destinations experienced mixed trend patterns.

Transmission Shaft Imports

Imports into Bolivia

In 2022, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were imported into Bolivia; with an increase of 42% on the previous year's figure. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, transmission shaft imports skyrocketed to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value 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 +84.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest transmission shaft supplier to Bolivia, with a 60% share of total imports. Moreover, transmission shaft imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.9% per year) and Italy (+16.4% per year).

In value terms, the largest transmission shaft suppliers to Bolivia were China ($X), Brazil ($X) and the United States ($X), together accounting for 57% of total imports.

Among the main suppliers, China, with a CAGR of +19.2%, saw 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 transmission shaft import price stood at $X per ton in 2022, dropping by -6.8% against the previous year. In general, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform