Price for Electrical Insulators of Any Material in Bolivia - 2023

Price for Electrical Insulators of Any Material in Bolivia (CIF) - 2023

The average import price for electrical insulators of any materials stood at $1.6 per unit in October 2023, shrinking by -29.2% against the previous month. Overall, the import price, however, enjoyed a prominent increase. The growth pace was the most rapid in December 2022 an increase of 435% m-o-m. Over the period under review, average import prices reached the peak figure at $2.7 per unit in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Argentina ($2.0 per unit) and Mexico ($2.0 per unit), while the price for Brazil ($1.4 per unit) and China ($1.9 per unit) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Bolivia (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $0.5 per unit, waning by -5.7% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 59% against the previous year. As a result, the export price attained the peak level of $1.1 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2013 to 2022, the rate of growth in terms of prices for Argentina amounted to -31.6% per year.

Imports of Electrical Insulators of Any Material in Bolivia

In 2022, after two years of decline, there was significant growth in purchases abroad of electrical insulators of any materials, when their volume increased by 219% to 34M units. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material imports surged to $4.4M in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Electrical Insulators of Any Material in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,236	1,531	568	2,643	28.8%
Brazil	1,692	947	1,104	1,047	-14.8%
Colombia	486	159	87.9	295	-15.3%
Russia	N/A	1,003	17.9	6.6	-91.9%
Others	747	529	467	394	-19.2%
Total	4,161	4,170	2,245	4,384	1.8%

Top Suppliers of Electrical Insulators of Any Material to Bolivia in 2022:

China (29.3M units)
Brazil (3.0M units)
Colombia (1.0M units)

Exports of Electrical Insulators of Any Material in Bolivia

In 2022, approx. 463 units of electrical insulators of any materials were exported from Bolivia; increasing by 47% on 2021. Overall, total exports indicated a significant increase from 2021 to 2022: its volume increased at an average annual rate of +46.5% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material exports soared to $221 in 2022. Over the period under review, total exports indicated a significant expansion from 2021 to 2022: its value increased at an average annual rate of +38.1% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.