Bolivia: Vegetable Product Market 2024

Vegetable Product Market Size in Bolivia

The Bolivian vegetable product market dropped modestly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vegetable Product Production in Bolivia

In value terms, vegetable product production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average vegetable product yield in Bolivia contracted to X tons per ha, waning by X% compared with the previous year. Overall, the yield, however, saw modest growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The vegetable product yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vegetable product harvested area in Bolivia reduced modestly to X ha in 2022, which is down by X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to vegetable product production attained the maximum at X ha in 2021, and then shrank slightly in the following year.

Vegetable Product Exports

Exports from Bolivia

In 2022, after six years of growth, there was significant decline in overseas shipments of vegetable products, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, vegetable product exports reached $X in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Brazil (X tons) was the main destination for vegetable product exports from Bolivia, accounting for a X% share of total exports. Moreover, vegetable product exports to Brazil exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2014 to 2022, the average annual growth rate of volume to Brazil stood at X%.

In value terms, Brazil ($X) remains the key foreign market for vegetable products exports from Bolivia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Brazil stood at X%.

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Brazil ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Vegetable Product Imports

Imports into Bolivia

In 2022, approx. X tons of vegetable products were imported into Bolivia; with an increase of X% compared with the previous year's figure. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, vegetable product imports fell to $X in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest vegetable product supplier to Bolivia, with a X% share of total imports. Moreover, vegetable product imports from Mexico exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Colombia (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of vegetable products to Bolivia, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Colombia (X% per year).

Import Prices by Country

The average vegetable product import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a mild slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Mexico ($X per ton) 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 mixed trend patterns.

Source: IndexBox Platform

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