Bolivia

While dietary supplements are expected to register moderate current value growth, constant value growth is expected to be minimal. Dietary supplements are mainly imported and in 2023 costs have been rising for imports, due to a sharp decline in…

With society operating normally once again, after the pandemic, visits to doctors in relation to skin conditions have increased. This is seeing products such as topical antifungals, vaginal antifungals, cold sore treatments, and haemorrhoid…

Colour cosmetics had a prosperous year in 2022 with both retail volume and current value growth rising on 2021 levels. The shift back to normal lifestyle outside of the home has made the physical shopping experience more desirable again. Consumers…

Sanitary protection registered a moderate increase in current value sales in 2022, with volume growth more muted. However, unlike many other countries, Bolivia did not experience soaring inflation. A fixed currency exchange rate helped stabilise…

Home care sales in 2022 witnessed a recovery in current value terms, but retail volumes continued to decline. The removal of all pandemic restrictions in retail stores and the absence of home quarantines enabled families to resume out of home…

In 2023, sports nutrition is expected to register a slight increase in current value sales, though constant value sales are expected to fall, as rising costs hit profitability. While Bolivia has managed to protect itself to a large extent from…

The increased availability of low-cost generic proton pump inhibitors containing compounds such as omeprazole are dampening volume sales of antacids. Despite omeprazole being registered as an Rx drug, it is widely available, and can be accessed…

With Bolivians resuming their normal activities outside of the home, ice cream was boosted by growth of single portion products, which are widely available near educational centres such as schools and universities. With the return of face-to-face…

Retail gum sales in Bolivia were contracting in volume before the pandemic as younger consumers have switched to other products such as gummies, or use their mobile phones to distract themselves and channel their anxiety. Gum was then hit hard by…

Bolivia claims to have the lowest inflation rate in the world and it has managed to achieve this by continuing to have a fixed exchange rate against the dollar. Besides the fixed exchange rate, Bolivia’s subsidies for key products have also helped…

Skin care saw a rebound in retail volume and current value sales in 2022 as demand patterns started to normalise post-pandemic. With the majority of skin care brands imported to the country, global inflation is driving up unit prices of premium…

With the outbreak of the COVID-19 pandemic, the consumption of sugar confectionery products did not migrate to home consumption with the same frequency as other snacks such as ice cream or chocolate confectionery, which negatively impacted sales.…

Sales of premium lager beers experienced a surge in 2022, driven by consumers in higher socioeconomic segments who were less affected by the pandemic's economic impact, as well as those in medium socioeconomic segments seeking indulgence during…

Sun care recorded strong growth in 2022 as Bolivians resumed outdoor activities following the complete relaxation of pandemic restrictions. Students have returned to university and schools and COVID-19 concerns have reduced as the vaccine was rolled…

New payment technologies continued to arrive in modern grocery channels in Bolivia at the end of the review period. Consumers demand in-person shopping options that incorporate more of the ease and convenience of online shopping. In a market where…

Home insecticides continued to see retail volume and current value sales decline in 2022. The principal reason for this fall is the increasing level of smuggling from neighbouring countries. Argentina’s currency devaluation and weak border control in…

Retail volume growth was slower in 2022 as some Bolivians spent less time at home and shifted back to doing more outdoor activities and eating out. However, some consumer segments continued to spend a considerable amount of time at home sustaining…

Bolivia has managed to protect itself to a large extent from inflation by continuing to have a fixed exchange rate against the dollar. However, there has been challenges for the economy in 2023, with sharp falls in foreign currency reserves and this…

Deodorants returned to positive value growth in 2022 following two years of negative growth when the COVID-19 pandemic led to weaker growth due to home seclusion. The growing issue of deodorant smuggling from Argentina has taken its toll on formal…

Furniture polishes witnessed a solid year of growth in retail volume and current value terms boosted by promotional activities at point of sale. Industrias Venado ran a 2 for 1 promotion on its Bristar furniture polishes to push sales, which is…