Bolivia: Coffee Extract Market 2024

Coffee Extract Market Size in Bolivia

The Bolivian coffee extract market skyrocketed to $X in 2023, rising by X% against the previous year. Overall, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2023 and is likely to see gradual growth in years to come.

Coffee Extract Production in Bolivia

In value terms, coffee extract production rose notably to $X in 2023 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Coffee Extract Exports

Exports from Bolivia

In 2023, after two years of decline, there was significant growth in shipments abroad of coffee extracts, essences and concentrates, when their volume increased by X% to X tons. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, coffee extract exports surged to $X in 2023. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for coffee extract exports from Bolivia, with a X% share of total exports. Moreover, coffee extract exports to Peru exceeded the volume sent to the second major destination, the United States (X kg), ninefold. The third position in this ranking was taken by Australia (X kg), with a X% share.

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

In value terms, Peru ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Bolivia, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the average coffee extract export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($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 UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Bolivia

In 2023, approx. X tons of coffee extracts, essences and concentrates were imported into Bolivia; rising by X% against the previous year's figure. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract imports surged to $X in 2023. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Malaysia (X tons) constituted the largest supplier of coffee extract to Bolivia, with a X% share of total imports. Moreover, coffee extract imports from Malaysia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

In value terms, Malaysia ($X), Brazil ($X) and Colombia ($X) constituted the largest coffee extract suppliers to Bolivia, together accounting for X% of total imports. China, Chile and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded 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

The average coffee extract import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, 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