Bolivia: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Bolivia

The Bolivian primary cell and battery market declined slightly to $X in 2023, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a slight slump. Primary cell and battery consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Exports of Primary Cells and Batteries

Exports from Bolivia

In 2023, primary cell and battery exports from Bolivia surged to X units, picking up by X% against the previous year. Overall, exports, however, showed a slight descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, primary cell and battery exports skyrocketed to $X in 2023. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X units) was the main destination for primary cell and battery exports from Bolivia, with a X% share of total exports. Moreover, primary cell and battery exports to the Dominican Republic exceeded the volume sent to the second major destination, Ecuador (X units), fivefold. The third position in this ranking was held by Brazil (X units), with less than X% share.

From 2013 to 2023, the average annual growth rate of volume to the Dominican Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Brazil (X% per year).

In value terms, the largest markets for primary cell and battery exported from Bolivia were Ecuador ($X), the Dominican Republic ($X) and Argentina ($X), with a combined X% share of total exports.

Among the main countries of destination, the Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average primary cell and battery export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells and Batteries

Imports into Bolivia

Primary cell and battery imports into Bolivia reduced to X units in 2023, waning by X% against 2022. Overall, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, primary cell and battery imports shrank modestly to $X in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X units) constituted the largest primary cell and battery supplier to Bolivia, with a X% share of total imports. Moreover, primary cell and battery imports from Brazil exceeded the figures recorded by the second-largest supplier, Peru (X units), sevenfold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and China (X% per year).

In value terms, Brazil ($X), China ($X) and Chile ($X) appeared to be the largest primary cell and battery suppliers to Bolivia, with a combined X% share of total imports.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per unit in 2020; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the price for Indonesia (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform