Waxes; Artificial, Prepared Price in Bolivia - 2023

Waxes; Artificial, Prepared Price in Bolivia (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $4,262 per ton, which is down by -15.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $5,725 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 ($7,155 per ton), while the price for South Korea ($2,568 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Bolivia (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $1,000 per ton, picking up by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 135%. As a result, the export price reached the peak level of $3,902 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -4.7% per year.

Waxes; Artificial, Prepared Imports in Bolivia

In 2022, imports of waxes; artificial, prepared into Bolivia skyrocketed to 184 tons, growing by 87% against 2021. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports surged to $786K in 2022. Over the period under review, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Waxes; Artificial, Prepared in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	224	154	197	270	6.4%
United States	70.3	17.9	90.9	215	45.2%
Brazil	47.8	68.0	62.0	155	48.0%
Peru	4.9	15.3	19.6	42.7	105.8%
Argentina	18.0	51.8	26.4	29.8	18.3%
China	11.1	27.9	26.4	27.2	34.8%
South Korea	1.4	1.1	8.5	11.6	102.4%
Chile	33.7	28.4	7.0	N/A	-54.4%
Uruguay	14.3	19.0	21.1	N/A	21.5%
Others	56.3	40.3	39.0	34.3	-15.2%
Total	482	424	498	786	17.7%

Top Suppliers of Waxes; Artificial, Prepared to Bolivia in 2022:

Germany (77.1 tons)
Brazil (42.6 tons)
United States (30.1 tons)
China (8.6 tons)
Argentina (8.6 tons)
Peru (6.3 tons)
South Korea (4.5 tons)

Waxes; Artificial, Prepared Exports in Bolivia

Waxes; artificial, prepared exports from Bolivia dropped rapidly to 2 kg in 2022, declining by -99.2% compared with the previous year. Over the period under review, exports recorded a sharp contraction. The smallest decline of -4.7% was in 2021.

In value terms, waxes; artificial, prepared exports declined significantly to $2 in 2022. Overall, exports showed a sharp reduction. The smallest decline of -3.5% was in 2021.