Bolivia: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in Bolivia

The Bolivian industrial monocarboxylic fatty acids market declined slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in Bolivia

In value terms, industrial monocarboxylic fatty acids production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Industrial monocarboxylic fatty acids production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Bolivia

In 2022, industrial monocarboxylic fatty acids exports from Bolivia soared to X tons, picking up by X% against the previous year's figure. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2022. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Peru (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Bolivia, accounting for a X% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), twofold. China (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for industrial monocarboxylic fatty acids exported from Bolivia were Chile ($X), China ($X) and Peru ($X), together accounting for X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Peru ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Bolivia

In 2022, industrial monocarboxylic fatty acids imports into Bolivia contracted dramatically to X tons, declining by X% against the previous year. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids imports shrank remarkably to $X in 2022. In general, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to Bolivia, with a X% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Argentina exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), fourfold. Brazil (X tons) 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 amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Brazil (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Bolivia, comprising X% of total imports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

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

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($X per ton) and Brazil ($X per ton), while the price for Italy ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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