Argentina: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Argentina

The Argentinian non-mineral or non-aerated water market fell slightly to $X in 2021, shrinking by -3.3% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.3% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Non-Mineral or Non-Aerated Waters in Argentina

In value terms, non-mineral or non-aerated water production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Non-mineral or non-aerated water production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Argentina

In 2021, shipments abroad of non-mineral or non-aerated waters decreased by -10.1% to X litres, falling for the second consecutive year after three years of growth. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 1,301%. Over the period under review, the exports hit record highs at X litres in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-mineral or non-aerated water exports rose significantly to $X in 2021. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 1,022%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X litres) was the main destination for non-mineral or non-aerated water exports from Argentina, accounting for a 62% share of total exports. Moreover, non-mineral or non-aerated water exports to China exceeded the volume sent to the second major destination, the United States (X litres), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+75.9% per year) and France (+50.1% per year).

In value terms, China ($X) emerged as the key foreign market for non-mineral or non-aerated waters exports from Argentina, comprising 45% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+66.8% per year) and France (+26.2% per year).

Export Prices by Country

In 2021, the average non-mineral or non-aerated water export price amounted to $X per litre, surging by 20% against the previous year. In general, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 111%. The export price peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to the United States ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+31.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Argentina

In 2021, approx. X litres of non-mineral or non-aerated waters were imported into Argentina; reducing by -23.4% on the previous year's figure. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 425%. Imports peaked at X litres in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, non-mineral or non-aerated water imports surged to $X in 2021. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 352% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X litres) constituted the largest supplier of non-mineral or non-aerated water to Argentina, accounting for a 71% share of total imports. Moreover, non-mineral or non-aerated water imports from Mexico exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), sixfold. The third position in this ranking was taken by Norway (X litres), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+127.9% per year) and Norway (-13.6% per year).

In value terms, the largest non-mineral or non-aerated water suppliers to Argentina were Mexico ($X), Italy ($X) and Norway ($X), together accounting for 77% of total imports. The Netherlands, Germany and Sweden lagged somewhat behind, together accounting for a further 9.6%.

The Netherlands, with a CAGR of +56.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-mineral or non-aerated water import price amounted to $X per litre, surging by 84% against the previous year. Over the period under review, the import price recorded moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per litre), while the price for the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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