Bolivia: Tyre Market 2024

Tyre Market Size in Bolivia

In 2022, the Bolivian tyre market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Tyre Production in Bolivia

In value terms, tyre production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Tyre production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Tyre Exports

Exports from Bolivia

After two years of growth, shipments abroad of tyres decreased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X,823%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tyre exports declined remarkably to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cuba (X units) was the main destination for tyre exports from Bolivia, accounting for a X% share of total exports. Moreover, tyre exports to Cuba exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Peru (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for tyres exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Cuba (X% per year).

Export Prices by Country

In 2022, the average tyre export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while the average price for exports to Cuba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%).

Tyre Imports

Imports into Bolivia

For the third year in a row, Bolivia recorded growth in overseas purchases of tyres, which increased by X% to X units in 2022. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tyre imports skyrocketed to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest tyre supplier to Bolivia, with a X% share of total imports. Moreover, tyre imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fivefold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of tyres to Bolivia, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average tyre import price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform