Asia-Pacific: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Asia-Pacific

The Asia-Pacific mineral or aerated water market dropped slightly to $X in 2022, reducing by -2.9% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -8.2% against 2019 indices. As a result, consumption reached 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-Pacific

In value terms, mineral or aerated water production reduced to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -7.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 19%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports in Asia-Pacific

In 2022, overseas shipments of mineral or aerated waters were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2016 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, mineral or aerated water exports skyrocketed to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +21.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 40% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) was the largest exporter of mineral or aerated waters, achieving 48% of total exports. It was distantly followed by Indonesia (X tons), Australia (X tons), Thailand (X tons) and Malaysia (X tons), together generating a 44% share of total exports. New Zealand (X tons) and South Korea (X tons) held a relatively small share 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, China ($X) remains the largest mineral or aerated water supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total exports. It was followed by Australia, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +34.8%. In the other countries, the average annual rates were as follows: Indonesia (+13.2% per year) and Australia (+20.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by 2.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Indonesia ($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 mixed trends in the export price figures.

Imports of Mineral or Aerated Waters

Imports in Asia-Pacific

In 2022, approx. X tons of mineral or aerated waters were imported in Asia-Pacific; stabilizing at the previous year's figure. Total imports indicated noticeable growth 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, imports decreased by -18.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mineral or aerated water imports expanded to $X in 2022. The total import value increased at an average annual rate of +3.0% 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 2018 with an increase of 13%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and China (X tons) represented roughly 58% of total imports in 2022. It was distantly followed by Australia (X tons), the Philippines (X tons) and Timor-Leste (X tons), together mixing up a 19% share of total imports. Singapore (X tons), Hong Kong SAR (X tons), Macao SAR (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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-Pacific were China ($X), Japan ($X) and Australia ($X), together comprising 60% of total imports. These countries were followed by South Korea, Hong Kong SAR, Singapore, Taiwan (Chinese), the Philippines, Macao SAR and Timor-Leste, which together accounted for a further 31%.

Among 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-Pacific amounted to $X per ton, surging by 4.1% against the previous year. Overall, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by 6.4%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Timor-Leste ($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

Frequently Asked Questions (FAQ) :