Bolivia: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Bolivia

The Bolivian self-propelled excavating machinery market rose rapidly to $X in 2023, growing by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in Bolivia

In value terms, self-propelled excavating machinery production rose significantly to $X in 2023 estimated in export price. In general, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports from Bolivia

In 2021, the amount of self-propelled earth moving, excavating machinery exported from Bolivia surged to X units, with an increase of X% on the previous year's figure. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, self-propelled excavating machinery exports surged to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Brazil (X units) and Peru (X units) were the main destinations of self-propelled excavating machinery exports from Bolivia.

From 2018 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of X%).

In value terms, Brazil ($X) and Peru ($X) appeared to be the largest markets for self-propelled excavating machinery exported from Bolivia worldwide.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average self-propelled excavating machinery export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Brazil amounted to $X per unit.

From 2018 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%).

Self-Propelled Excavating Machinery Imports

Imports into Bolivia

For the fifth year in a row, Bolivia recorded growth in purchases abroad of self-propelled earth moving, excavating machinery, which increased by X% to X units in 2023. In general, imports recorded noticeable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2022 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, the United States (X units) constituted the largest supplier of self-propelled excavating machinery to Bolivia, with a X% share of total imports. Moreover, self-propelled excavating machinery imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X units), fourfold. The third position in this ranking was taken by Peru (X units), with an X% share.

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

In value terms, the largest self-propelled excavating machinery suppliers to Bolivia were Canada ($X), the United States ($X) and Germany ($X), with a combined X% share of total imports. Peru, Italy, the Netherlands, Brazil, Belgium, China, India, Chile and Japan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Peru, 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 self-propelled excavating machinery import price stood at $X per unit in 2023, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, 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 Germany ($X per unit), while the price for Japan ($X per unit) 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