Bolivia: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Bolivia

The Bolivian breakfast cereal market reduced slightly to $X in 2022, approximately equating the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Breakfast Cereal Production in Bolivia

In value terms, breakfast cereal production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Breakfast cereal production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Breakfast Cereal Exports

Exports from Bolivia

Breakfast cereal exports from Bolivia fell sharply to X tons in 2022, with a decrease of X% on 2021. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, breakfast cereal exports declined notably to $X in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for breakfast cereal exports from Bolivia, with a X% share of total exports. Moreover, breakfast cereal exports to Chile exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Canada (X% per year).

In value terms, Spain ($X), Chile ($X) and Canada ($X) appeared to be the largest markets for breakfast cereal exported from Bolivia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Netherlands ($X per ton), while the average price for exports to Chile ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Bolivia

Breakfast cereal imports into Bolivia stood at X tons in 2022, with an increase of X% compared with the previous year. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, breakfast cereal imports dropped modestly to $X in 2022. The total import 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. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons) constituted the largest breakfast cereal supplier to Bolivia, with a X% share of total imports. Moreover, breakfast cereal imports from Chile exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by Peru (X tons), with a X% share.

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

In value terms, the largest breakfast cereal suppliers to Bolivia were Chile ($X), Peru ($X) and Colombia ($X), with a combined X% share of total imports. Mexico, the United States, Argentina and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average breakfast cereal import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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