Bolivia: Canned Vegetable Market 2024

Canned Vegetable Market Size in Bolivia

In 2022, the Bolivian canned vegetable market decreased by -7.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Canned vegetable consumption peaked at $X in 2021, and then fell in the following year.

Canned Vegetable Exports

Exports from Bolivia

In 2022, shipments abroad of canned vegetables increased by 14% to X tons, rising for the second consecutive year after four years of decline. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 331%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, canned vegetable exports surged to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 166%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Paraguay (X tons) was the main destination for canned vegetable exports from Bolivia, accounting for a 85% share of total exports. Moreover, canned vegetable exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a 5.2% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (0.0% per year) and the United States (-13.7% per year).

In value terms, Paraguay ($X) remains the key foreign market for canned vegetables exports from Bolivia, comprising 93% of total exports. The second position in the ranking was held by the United States ($X), with a 3.4% share of total exports. It was followed by Uruguay, with a 2.7% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Paraguay amounted to +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.7% per year) and Uruguay (0.0% per year).

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, increasing by 5.9% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 71%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Bolivia

After two years of growth, supplies from abroad of canned vegetables decreased by -33.2% to X tons in 2022. In general, imports, however, posted prominent growth. The growth pace was the most rapid in 2018 when imports increased by 34%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, canned vegetable imports surged to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.0% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Brazil (X tons) constituted the largest canned vegetable supplier to Bolivia, with a 52% share of total imports. Moreover, canned vegetable imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Peru (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and Peru (+19.8% per year).

In value terms, the largest canned vegetable suppliers to Bolivia were the United States ($X), Brazil ($X) and Peru ($X), with a combined 86% share of total imports.

Among the main suppliers, Peru, with a CAGR of +18.1%, 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 canned vegetable import price stood at $X per ton in 2022, with an increase of 73% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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