Bolivia: Transport Container Market 2024

Transport Container Market Size in Bolivia

The Bolivian transport container market soared to $X in 2022, rising by 19% against the previous year. Overall, consumption showed a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Transport Container Production in Bolivia

In value terms, transport container production contracted to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,987% against the previous year. Transport container production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Transport Container Exports

Exports from Bolivia

For the third year in a row, Bolivia recorded decline in shipments abroad of transport containers, which decreased by 99.9% to X units in 2022. Over the period under review, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2017 with an increase of 128,488% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, transport container exports contracted markedly to $X in 2022. Overall, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 3,069% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for transport container exports from Bolivia, accounting for a 90% share of total exports. Moreover, transport container exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume to the United States stood at -65.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-80.5% per year) and Chile (-72.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for transport containers exports from Bolivia, comprising 88% of total exports. The second position in the ranking was held by Chile ($X), with a 4.5% share of total exports. It was followed by Colombia, with a 4.2% share.

From 2015 to 2022, the average annual growth rate of value to the United States amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-5.3% per year) and Colombia (+87.2% per year).

Export Prices by Country

In 2022, the average transport container export price amounted to $X per unit, rising by 51,236% against the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2016 an increase of 189,065%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Chile ($X per unit) and Colombia ($X per unit), while the average price for exports to the United States ($X per unit) and Peru ($X per unit) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+264,999,444.4%), while the prices for the other major destinations experienced more modest paces of growth.

Transport Container Imports

Imports into Bolivia

In 2022, the amount of transport containers imported into Bolivia dropped significantly to X units, reducing by -73.9% compared with 2021 figures. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 565%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, transport container imports shrank to $X in 2022. In general, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 275%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest transport container supplier to Bolivia, accounting for a 82% share of total imports. Moreover, transport container imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+35.0% per year) and Taiwan (Chinese) (+32.0% per year).

In value terms, China ($X) constituted the largest supplier of transport containers to Bolivia, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Singapore, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.0% per year) and Singapore (+3.6% per year).

Import Prices by Country

The average transport container import price stood at $X per unit in 2022, growing by 233% against the previous year. In general, the import price posted a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+59.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform