Bolivia is home to one of the smallest, yet fastest growing, industrial gas markets in South America. In 2018, the commercial industrial gas market in Bolivia generated revenues of approximately $30m. This has increased year-on year from $11m in 2008, indicating an average annual growth rate of 10.2%.
GDP inflations have been high over the past ten years, mirroring GDP growth but with much larger peaks and troughs. The average annual IPI growth rate over the past decade was strong at 4.6%.
Within the 2018-2023 timeframe, our forecast models predict growth from 7.3% p.a. in a low scenario to 8.7% p.a. in a high scenario. Accordingly, the industry in Bolivia is expected to achieve revenues of between $45m to $48m by 2023.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential