Bolivia: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Bolivia

The Bolivian preparations for animal feeding market stood at $X in 2022, stabilizing at the previous year. Over the period under review, the total consumption indicated a strong increase 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 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Preparations Used In Animal Feeding in Bolivia

In value terms, preparations for animal feeding production totaled $X in 2022 estimated in export price. Overall, the total production indicated a strong increase 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 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Preparations for animal feeding production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Preparations Used In Animal Feeding

Exports from Bolivia

After three years of growth, overseas shipments of preparations used in animal feeding decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, preparations for animal feeding exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Uruguay (X tons) was the main destination for preparations for animal feeding exports from Bolivia, with a X% share of total exports. Moreover, preparations for animal feeding exports to Uruguay exceeded the volume sent to the second major destination, Colombia (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2019 to 2022, the average annual growth rate of volume to Uruguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Brazil (X% per year).

In value terms, Uruguay ($X), Colombia ($X) and Brazil ($X) appeared to be the largest markets for preparations for animal feeding exported from Bolivia worldwide, together comprising X% of total exports.

Among the main countries of destination, Brazil, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average preparations for animal feeding export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a dramatic slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%).

Imports of Preparations Used In Animal Feeding

Imports into Bolivia

In 2022, preparations for animal feeding imports into Bolivia expanded sharply to X tons, increasing by X% on the year before. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, preparations for animal feeding imports expanded sharply to $X in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Brazil (X tons), Argentina (X tons) and the United States (X tons) were the main suppliers of preparations for animal feeding imports to Bolivia, with a combined X% share of total imports. China, Chile, Peru, India, the Netherlands and Colombia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding suppliers to Bolivia were Brazil ($X), Argentina ($X) and Peru ($X), together accounting for X% of total imports. The United States, China, Chile, India, the Netherlands and Colombia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, saw 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 preparations for animal feeding import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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