Report Update Nov 1, 2024

Bolivia - Urea - Market Analysis, Forecast, Size, Trends and Insights

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Bolivia: Urea Market 2024

Urea Market Size in Bolivia

The Bolivian urea market fell markedly to $X in 2022, dropping by -29.2% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Urea Production in Bolivia

In value terms, urea production shrank sharply to $X in 2022 estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 61% against the previous year. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

Urea Exports

Exports from Bolivia

In 2022, shipments abroad of urea was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a abrupt contraction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, urea exports surged to $X in 2022. In general, exports saw a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), Argentina (X tons) and Peru (X tons) were the main destinations of urea exports from Bolivia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +226.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for urea exported from Bolivia were Argentina ($X), Brazil ($X) and Peru ($X), together comprising 96% of total exports.

Peru, with a CAGR of +321.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average urea export price stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($X per ton) and Argentina ($X per ton), while the average price for exports to Brazil ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Urea Imports

Imports into Bolivia

In 2022, after two years of growth, there was significant decline in purchases abroad of urea, when their volume decreased by -97.6% to X tons. Overall, imports showed a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 429% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, urea imports fell remarkably to $X in 2022. In general, imports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 369% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest urea supplier to Bolivia, accounting for a 81% share of total imports. Moreover, urea imports from Peru exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Russia (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru stood at -25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.3% per year) and Russia (-39.8% per year).

In value terms, Peru ($X) constituted the largest supplier of urea to Bolivia, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Russia, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru stood at -23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and Russia (-37.7% per year).

Import Prices by Country

The average urea import price stood at $X per ton in 2022, growing by 58% against the previous year. In general, the import price saw a noticeable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and the United States ($X per ton), while the price for Peru ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

This report provides an in-depth analysis of the urea market in Bolivia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4001 -

Country coverage:

Bolivia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bolivia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023