Argentina: Bottled Water Market 2024

Bottled Water Market Size in Argentina

The Argentinian bottled water market dropped to $X in 2022, which is down by -7.9% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bottled water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Bottled Water Production in Argentina

In value terms, bottled water production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 26%. Bottled water production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Bottled Water Exports

Exports from Argentina

In 2022, overseas shipments of bottled waters decreased by -0.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 464% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bottled water exports soared to $X in 2022. In general, exports saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 117% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for bottled water exports from Argentina, with a 52% share of total exports. Moreover, bottled water exports to Brazil exceeded the volume sent to the second major destination, Japan (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.7% per year) and the United States (+7.7% per year).

In value terms, Japan ($X), Brazil ($X) and China ($X) constituted the largest markets for bottled water exported from Argentina worldwide, together accounting for 55% of total exports.

Brazil, with a CAGR of +12.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average bottled water export price amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 47%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Brazil ($X 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 Chile (+37.6%), while the prices for the other major destinations experienced mixed trend patterns.

Bottled Water Imports

Imports into Argentina

In 2022, the amount of bottled waters imported into Argentina dropped modestly to X tons, reducing by -2.3% against the year before. Over the period under review, imports, however, continue to indicate a mild increase. The growth pace was the most rapid in 2013 when imports increased by 128% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bottled water imports contracted to $X in 2022. In general, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of 139% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of bottled water to Argentina, accounting for a 35% share of total imports. Moreover, bottled water imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.0% per year) and Chile (+69.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of bottled waters to Argentina, comprising 60% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Italy, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.1% per year) and Italy (+2.9% per year).

Import Prices by Country

In 2022, the average bottled water import price amounted to $X per ton, waning by -12.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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