Bolivia: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Bolivia

The Bolivian fuel or lubricating pump market rose significantly to $X in 2022, growing by X% 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, the total consumption indicated measured 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 increased by X% against 2020 indices. Fuel or lubricating pump consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Bolivia

In 2022, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by X% to X units, falling for the third consecutive year after three years of growth. Overall, exports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fuel or lubricating pump exports reduced notably to $X in 2022. In general, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for fuel or lubricating pump exports from Bolivia, accounting for a X% share of total exports. Moreover, fuel or lubricating pump exports to the United States exceeded the volume sent to the second major destination, Chile (X units), more than tenfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Sweden (X% per year).

In value terms, the United States ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average fuel or lubricating pump export price amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Bolivia

In 2022, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were imported into Bolivia; picking up by X% on the previous year's figure. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, fuel or lubricating pump imports rose markedly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest fuel or lubricating pump supplier to Bolivia, accounting for a X% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by Brazil (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Brazil (X% per year).

In value terms, the largest fuel or lubricating pump suppliers to Bolivia were China ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports. Brazil, Germany, Mexico, Thailand, Turkey, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average fuel or lubricating pump import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :