Asia-Pacific: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Asia-Pacific

In 2021, the Asia-Pacific non-mineral or non-aerated water market increased by less than 0.1% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Non-Mineral or Non-Aerated Waters in Asia-Pacific

In value terms, non-mineral or non-aerated water production shrank to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +11.3% 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 increased by +163.1% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 104% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank modestly in the following year.

Exports of Non-Mineral or Non-Aerated Waters

Exports in Asia-Pacific

In 2021, exports of non-mineral or non-aerated waters in Asia-Pacific stood at X litres, approximately equating 2020 figures. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 84,030%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, non-mineral or non-aerated water exports amounted to $X in 2021. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 7.7% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

The shipments of the one major exporters of non-mineral or non-aerated waters, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the non-mineral or non-aerated waters exports, with a CAGR of +119.3% from 2012 to 2021. From 2012 to 2021, the share of China increased by +6.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-mineral or non-aerated water supplier in Asia-Pacific.

In China, non-mineral or non-aerated water exports expanded at an average annual rate of +3.5% over the period from 2012-2021.

Export Prices by Country

The export price in Asia-Pacific stood at less than $X per litre in 2021, rising by 1.8% against the previous year. In general, the export price, however, continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 30%. Over the period under review, the export prices reached the maximum at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -52.8% per year.

Imports of Non-Mineral or Non-Aerated Waters

Imports in Asia-Pacific

In 2021, approx. X litres of non-mineral or non-aerated waters were imported in Asia-Pacific; increasing by 26% on 2020 figures. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.2% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 51% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, non-mineral or non-aerated water imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 15%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Hong Kong SAR was the main importer of non-mineral or non-aerated waters in Asia-Pacific, with the volume of imports reaching X litres, which was near 76% of total imports in 2021. It was distantly followed by Singapore (X litres), constituting a 15% share of total imports. China (X litres) and Macao SAR (X litres) took a little share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the non-mineral or non-aerated waters imports, with a CAGR of +6.7% from 2012 to 2021. At the same time, China (+6.3%) and Singapore (+1.3%) displayed positive paces of growth. Macao SAR experienced a relatively flat trend pattern. While the share of Hong Kong SAR (+14 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported non-mineral or non-aerated waters in Asia-Pacific, comprising 84% of total imports. The second position in the ranking was taken by Macao SAR ($X), with a 5% share of total imports. It was followed by Singapore, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR stood at +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Macao SAR (+3.0% per year) and Singapore (+3.7% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per litre, which is down by -13.1% against the previous year. Overall, the import price saw a mild decline. The pace of growth was the most pronounced in 2019 when the import price increased by 39%. Over the period under review, import prices hit record highs at $X per litre in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Macao SAR ($X per litre), while Singapore ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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