Bolivia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Bolivia

In 2022, the Bolivian unvulcanized rubber market increased by 13% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a abrupt setback. Unvulcanized rubber consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports from Bolivia

In 2022, approx. X kg of unvulcanized rubber and articles thereof were exported from Bolivia; remaining relatively unchanged against the previous year's figure. In general, exports faced a significant decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 711% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, unvulcanized rubber exports skyrocketed to $X in 2022. Overall, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2019 with an increase of 2,392%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Austria (X kg) and Chile (X kg) were the main destinations of unvulcanized rubber exports from Bolivia, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +144.9%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for unvulcanized rubber and articles thereof exports from Bolivia, comprising 70% of total exports. The second position in the ranking was held by Chile ($X), with a 14% share of total exports. It was followed by Argentina, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +1,035.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-15.6% per year) and Argentina (-38.0% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, surging by 173% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 an increase of 415%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($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 the United States (+363.7%), while the prices for the other major destinations experienced a decline.

Unvulcanized Rubber Imports

Imports into Bolivia

In 2022, purchases abroad of unvulcanized rubber and articles thereof was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when imports increased by 38% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, unvulcanized rubber imports rose sharply to $X in 2022. Overall, imports, however, saw a noticeable slump. The growth pace was the most rapid in 2018 when imports increased by 25%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), China (X tons) and India (X tons) were the main suppliers of unvulcanized rubber imports to Bolivia, with a combined 72% share of total imports. Peru, Indonesia, Colombia, Germany, Italy and Argentina lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of unvulcanized rubber and articles thereof to Bolivia, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.6% per year) and India (+8.7% per year).

Import Prices by Country

In 2022, the average unvulcanized rubber import price amounted to $X per ton, declining by -7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform