Bolivia: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Bolivia

The Bolivian wine of fresh grapes market soared to $X in 2022, with an increase of 115% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Bolivia

In 2022, wine of fresh grapes exports from Bolivia fell rapidly to X litres, with a decrease of -33.6% against 2021 figures. Overall, exports, however, posted a modest expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 294%. The exports peaked at X litres in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports contracted rapidly to $X in 2022. Over the period under review, exports, however, showed strong growth. The pace of growth was the most pronounced in 2016 when exports increased by 295%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X litres) was the main destination for wine of fresh grapes exports from Bolivia, accounting for a 70% share of total exports. Moreover, wine of fresh grapes 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 held by Peru (X litres), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.8% per year) and Peru (+117.1% per year).

In value terms, the United States ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Bolivia, comprising 43% of total exports. The second position in the ranking was held by Spain ($X), with a 20% share of total exports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-8.8% per year) and Switzerland (0.0% per year).

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, declining by -26% against the previous year. Over the period under review, the export price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2019 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Germany (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Bolivia

In 2022, purchases abroad of wine of fresh grapes (except sparkling wine) increased by 131% to X litres for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a deep reduction. Over the period under review, imports reached the peak figure at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wine of fresh grapes imports soared to $X in 2022. Over the period under review, imports, however, showed a noticeable decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X litres) constituted the largest supplier of wine of fresh grapes to Bolivia, accounting for a 68% share of total imports. Moreover, wine of fresh grapes imports from Argentina exceeded the figures recorded by the second-largest supplier, Chile (X litres), fourfold. China (X litres) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-12.4% per year) and China (+26.3% per year).

In value terms, Argentina ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Bolivia, comprising 71% of total imports. The second position in the ranking was held by Chile ($X), with a 17% share of total imports. It was followed by Brazil, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-11.4% per year) and Brazil (+83.4% per year).

Import Prices by Country

In 2022, the average wine of fresh grapes import price amounted to $X per litre, which is down by -18.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per litre, and then contracted significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform