Bolivia - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Bolivia - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights

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Lubricant Additives Price in Bolivia - 2023

Contents:

  1. Lubricant Additives Price in Bolivia (CIF) - 2023
  2. Lubricant Additives Price in Bolivia (FOB) - 2022
  3. Lubricant Additives Imports in Bolivia
  4. Lubricant Additives Exports in Bolivia

Lubricant Additives Price in Bolivia (CIF) - 2023

In October 2023, the average lubricant additives import price amounted to $4,900 per ton, shrinking by -1.8% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 537% against the previous month. As a result, import price attained the peak level of $28,331 per ton. From December 2022 to October 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were the United States ($4,999 per ton) and Peru ($4,637 per ton), while the price for Mexico ($4,605 per ton) and Germany ($4,610 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Lubricant Additives Price in Bolivia (FOB) - 2022

In 2022, the average lubricant additives export price amounted to $22,868 per ton, surging by 178% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($59,250 per ton), while the average price for exports to the United States ($1,547 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+328.1%), while the prices for the other major destinations experienced mixed trend patterns.

Lubricant Additives Imports in Bolivia

In 2022, approx. 1.7K tons of prepared additives for mineral oils were imported into Bolivia; waning by -26.2% compared with the year before. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, imports reached the peak of 2.2K tons, and then reduced remarkably in the following year.

In value terms, lubricant additives imports reduced notably to $8.7M in 2022. In general, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of $10M, and then shrank markedly in the following year.

Import of Lubricant Additives in Bolivia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.45.86.55.1-7.3%
Brazil0.50.30.21.544.2%
Germany0.40.30.60.3-9.1%
Netherlands0.10.10.10.10.0%
Peru0.1N/A0.10.10.0%
Argentina0.30.20.20.1-30.7%
Singapore0.20.60.9N/A112.1%
Others1.41.31.91.40.0%
Total9.58.610.38.7-2.9%

Top Suppliers of Lubricant Additives to Bolivia in 2022:

  1. United States (1146.6 tons)
  2. Brazil (346.1 tons)
  3. Peru (26.0 tons)
  4. Germany (25.3 tons)
  5. Netherlands (25.1 tons)
  6. Argentina (14.5 tons)

Lubricant Additives Exports in Bolivia

In 2022, shipments abroad of prepared additives for mineral oils decreased by -63.9% to 984 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 3,793% against the previous year. As a result, the exports reached the peak of 4.9 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lubricant additives exports totaled $23K in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 3,613% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Lubricant Additives in Bolivia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile0.15.810.518.7471.8%
Peru0.514.910.83.489.5%
United States0.11.51.10.344.2%
OthersN/AN/AN/AN/A0%
Total0.622.322.422.5234.7%

Top Export Markets for Lubricant Additives from Bolivia in 2022:

  1. Peru (443.0 kg)
  2. Chile (316.0 kg)
  3. United States (225.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lubricant additives market in Bolivia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20594250 - Anti-knock preparations
  • Prodcom 20594270 - Additives for lubricating oils
  • Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

Country coverage:

  • Bolivia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Bolivia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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