Bolivia: Lock And Key Market 2024

Lock And Key Market Size in Bolivia

The Bolivian lock and key market expanded slightly to $X in 2023, increasing 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, consumption, however, saw a perceptible decline. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Lock And Key Exports

Exports from Bolivia

In 2023, after two years of growth, there was significant decline in shipments abroad of padlocks, locks and keys of base metal, when their volume decreased by X% to X tons. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then contracted sharply in the following year.

In value terms, lock and key exports declined markedly to $X in 2023. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for lock and key exports from Bolivia, with a X% share of total exports. Moreover, lock and key exports to the United States exceeded the volume sent to the second major destination, the Philippines (X kg), threefold.

From 2012 to 2023, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Chile (X% per year).

In value terms, the United States ($X) remains the key foreign market for padlocks, locks and keys of base metal exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Chile (X% per year).

Export Prices by Country

The average lock and key export price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, 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 ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Lock And Key Imports

Imports into Bolivia

In 2023, approx. X tons of padlocks, locks and keys of base metal were imported into Bolivia; surging by X% against 2022 figures. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, lock and key imports declined to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then dropped slightly in the following year.

Imports by Country

In 2023, China (X tons) was the main lock and key supplier to Bolivia, with a X% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), tenfold. Peru (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Peru (X% per year).

In value terms, China ($X) constituted the largest supplier of padlocks, locks and keys of base metal to Bolivia, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Peru, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

The average lock and key import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2023, 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