Bolivia: Wine Market 2024

Wine Market Size in Bolivia

In 2022, after four years of decline, there was significant growth in the Bolivian wine market, when its value increased by X% to $X. In general, consumption showed a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wine Production in Bolivia

In value terms, wine production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with a decrease of X%. Wine production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wine Exports

Exports from Bolivia

In 2022, exports of wine and grape must from Bolivia reduced rapidly to X litres, shrinking by X% compared with 2021. Over the period under review, exports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X litres in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wine exports dropped dramatically to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X litres) was the main destination for wine exports from Bolivia, with a X% share of total exports. Moreover, wine exports to the United States exceeded the volume sent to the second major destination, Germany (X litres), sixfold. The third position in this ranking was taken by Peru (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Peru (X% per year).

In value terms, the United States ($X) remains the key foreign market for wine and grape must exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, reducing by X% against the previous year. In general, the export price, however, enjoyed a measured increase. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per litre in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to the United States ($X per litre) was amongst the lowest.

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

Wine Imports

Imports into Bolivia

In 2022, supplies from abroad of wine and grape must was finally on the rise to reach X litres after four years of decline. Over the period under review, imports, however, showed a deep downturn. Over the period under review, imports hit record highs at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wine imports surged to $X in 2022. Overall, imports, however, recorded a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X litres) constituted the largest wine supplier to Bolivia, accounting for a X% share of total imports. Moreover, wine imports from Argentina exceeded the figures recorded by the second-largest supplier, Chile (X litres), fivefold. Spain (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Spain (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of wine and grape must to Bolivia, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

In 2022, the average wine import price amounted to $X per litre, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per litre, and then shrank in the following year.

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

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

Source: IndexBox Platform