Argentina: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Argentina

The Argentinian mineral or aerated water market dropped to $X in 2022, declining by -11.5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Mineral or Aerated Waters in Argentina

In value terms, mineral or aerated water production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 36%. Mineral or aerated water production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Mineral or Aerated Waters

Exports from Argentina

After two years of growth, overseas shipments of mineral or aerated waters decreased by -3% to X tons in 2022. Over the period under review, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of 2,001% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports expanded sharply to $X in 2022. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 697%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for mineral or aerated water exports from Argentina, accounting for a 55% share of total exports. Moreover, mineral or aerated 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 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms 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 (+5.7% per year).

In value terms, Japan ($X), Brazil ($X) and the United States ($X) were the largest markets for mineral or aerated water exported from Argentina worldwide, with a combined 72% share of total exports.

Brazil, with a CAGR of +11.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per ton, rising by 16% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 55% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (+28.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral or Aerated Waters

Imports into Argentina

In 2022, the amount of mineral or aerated waters imported into Argentina contracted slightly to X tons, which is down by -3.2% on 2021. Over the period under review, imports, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2013 when imports increased by 123%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mineral or aerated water imports dropped to $X in 2022. In general, imports, however, posted a moderate increase. The pace of growth was the most pronounced in 2013 with an increase of 169%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of mineral or aerated water to Argentina, with a 36% share of total imports. Moreover, mineral or aerated water imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Chile (X tons) ranked third in terms of total imports with a 12% 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 (+98.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of mineral or aerated waters to Argentina, comprising 65% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Italy, with a 6.6% share.

From 2012 to 2022, the average annual growth rate 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 (+3.2% per year).

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per ton, dropping by -11.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 an increase of 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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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