Sucrose in solid form market in Bolivia

Earlier Report Observations

The market for chemically pure sucrose in Bolivia grew from 375 thousand tonnes in 2018 to 455 thousand tonnes in 2019. This increase followed the passage of Law No. 1098 in September 2018, which established a regulatory framework for the production and commercialization of plant-based additives, encouraging import substitution and strengthening the agro-industrial sector.

Market volume then contracted to 324 thousand tonnes by 2021. This decline coincided with a tightening of controls on chemical substances, including amendments to Law No. 913 in January 2021 that strengthened regulations on controlled substances and likely constrained production activity. Climatic factors affecting sugarcane yields also placed pressure on the raw material supply.

A recovery began in 2022, with the market reaching 387 thousand tonnes in 2023. A key driver was the 2023 creation of the state-owned chemical company Industria Boliviana Química (IBQ), which attracted significant investment to boost local production of chemical inputs, including sucrose for strategic industries.

Production sucrose in solid form in Bolivia

In kind, 2017-2020, K t

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

Bolivia's sucrose in solid form production volume declined after two years of improvement. In 2020, the country produced 509.3 K t, marking a gradual 6.9% drop from the previous year. Over the 2017-2020 period, production increased by 42.6%, with a compound annual growth rate of 12.6%. The highest production level was recorded in 2019 at 547.1 K t, which also saw the largest annual increase of 25.3%.

Annual dynamics of production in Bolivia in kind, 2017-2020, K t

Exports sucrose in solid form from Bolivia

Exports in kind, K t

Bolivia's foreign sucrose in solid form supplies increased for the third consecutive year. In 2020, export volume reached 104.5 K t, showing a 13.3% advance compared to the previous year. From 2017 to 2020, exports grew by 18 344.3%, with a compound annual growth rate of 469.2%.

Annual dynamics of product's exports from Bolivia in kind, 2017-2020, K t

From 2017 to 2020, Bolivia's export pattern in kind was strongly dominated by Colombia, which accounted for 84.8% of total flows. Other trading partners held relatively minor shares during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bolivia in kind, 2017-2020

Exports in value, K $ US

Bolivia's foreign sucrose in solid form supplies increased for the third consecutive year. In 2020, exports totaled 36 739 K $ US, corresponding to a gradual 7.3% uptick over the past year. Between 2017 and 2020, exports increased by 11 390.1%, with a compound annual growth rate of 386.2%.

Annual dynamics of product's exports from Bolivia in value, 2017-2020, K $ US

From 2017 to 2020, Bolivia's sucrose in solid form exports in value terms were largely concentrated on Colombia, which accounted for 85.5% of total flows. Other countries together formed the residual {rest_share}%.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bolivia in value, 2017-2020

Imports sucrose in solid form to Bolivia

Imports in kind, K t

The market showed volatility during these years. Imports peaked in 2017 and reached their lowest point in 2019, with a 144-fold difference between these years. In 2020, Bolivia's sucrose in solid form imports amounted to 2.1 K t, showing a steep 3 119.0% year-over-year rise. The minimum value was recorded in 2019 at 0.1 K t, while the largest decline occurred in 2018 at 96.3%.

Annual dynamics of product's imports to Bolivia in kind, 2017-2020, K t

Throughout 2017-2020, two key markets—Argentina and Brazil—dominated Bolivia's imports in kind, together accounting for 99.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bolivia in kind, 2017-2020

Imports in value, K $ US

The market showed signs of volatility over the observed period. Imports reached their maximum in 2017 and their minimum in 2019, with a 90-fold variation between these years. In 2020, Bolivia's sucrose in solid form import volume amounted to 774 K $ US, which is 1 372.6% above the 2019 level. The minimum value was recorded in 2019 at 53 K $ US, while the largest decline occurred in 2018 at 96.1%.

Annual dynamics of product's imports to Bolivia in value, 2017-2020, K $ US

From 2017 to 2020, Bolivia's sucrose in solid form imports in value terms were largely concentrated on Argentina, which accounted for 84.4% of total flows. Other countries together formed the residual {rest_share}%.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bolivia in value, 2017-2020