Asia: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Asia

The Asian mineral or aerated water market shrank modestly to $X in 2022, falling by -2.8% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Mineral or Aerated Waters in Asia

In value terms, mineral or aerated water production fell modestly to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports in Asia

In 2022, the amount of mineral or aerated waters exported in Asia contracted slightly to X tons, remaining stable against the previous year's figure. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 38%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports dropped to $X in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of mineral or aerated waters, namely China, Georgia and Indonesia, represented more than half of total export. It was distantly followed by the United Arab Emirates (X tons) and Turkey (X tons), together making up a 17% share of total exports. The following exporters - Thailand (X tons), Malaysia (X tons), Oman (X tons), Armenia (X tons) and Lebanon (X tons) - together made up 14% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), China ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, together comprising 67% of total exports.

In terms of the main exporting countries, China, with a CAGR of +34.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with a decrease of -3.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.6%), while the other leaders experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports in Asia

Mineral or aerated water imports stood at X tons in 2022, standing approx. at the previous year's figure. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, mineral or aerated water imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 18%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of mineral or aerated waters, namely Japan, South Korea, China, the United Arab Emirates, Israel, Oman, the Philippines, Timor-Leste, Singapore, Hong Kong SAR, Saudi Arabia and Macao SAR, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral or aerated water importing markets in Asia were China ($X), Japan ($X) and the United Arab Emirates ($X), together comprising 47% of total imports. These countries were followed by South Korea, Israel, Hong Kong SAR, Saudi Arabia, Singapore, Oman, the Philippines, Macao SAR and Timor-Leste, which together accounted for a further 32%.

In terms of the main importing countries, the Philippines, with a CAGR of +35.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with a decrease of -1.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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