Asia: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Asia

The Asian sugary soft drink market contracted modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sugary Soft Drink Production in Asia

In value terms, sugary soft drink production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 15%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports in Asia

Sugary soft drink exports rose sharply to X litres in 2022, with an increase of 12% on 2021. The total export volume increased at an average annual rate of +5.2% 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 2021 when exports increased by 18%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sugary soft drink exports expanded markedly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +65.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Turkey (X litres), distantly followed by Kazakhstan (X litres), Malaysia (X litres), South Korea (X litres), Georgia (X litres), Saudi Arabia (X litres), China (X litres), the United Arab Emirates (X litres) and Thailand (X litres) represented the main exporters of sugary soft drinks, together achieving 78% of total exports. The following exporters - Kuwait (X litres), Japan (X litres), Indonesia (X litres) and Vietnam (X litres) - together made up 9.1% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of +32.8%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest sugary soft drink supplier in Asia, comprising 23% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by Japan, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +15.6%. In the other countries, the average annual rates were as follows: South Korea (+10.1% per year) and Japan (+6.2% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per litre, remaining stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 5%. Over the period under review, the export prices reached the peak figure at $X per litre in 2014; however, 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 Japan ($X per litre), while Kazakhstan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.4%), while the other leaders experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports in Asia

In 2022, the amount of sugary soft drinks imported in Asia stood at X litres, leveling off at 2021 figures. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.9% against 2012 indices. The growth pace was the most rapid in 2017 when imports increased by 25%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, sugary soft drink imports rose to $X in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 17%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of sugary soft drink imports in 2022 were Kazakhstan (X litres), Cambodia (X litres), Singapore (X litres), Turkey (X litres), China (X litres), Kyrgyzstan (X litres), the United Arab Emirates (X litres), Yemen (X litres), Uzbekistan (X litres), Cyprus (X litres), Vietnam (X litres) and Indonesia (X litres), together accounting for 68% of total import. Syrian Arab Republic (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +64.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Kazakhstan ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, together accounting for 30% of total imports. China, Singapore, the United Arab Emirates, Vietnam, Kyrgyzstan, Uzbekistan, Cyprus, Yemen, Indonesia and Syrian Arab Republic lagged somewhat behind, together accounting for a further 35%.

Uzbekistan, with a CAGR of +61.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per litre in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 7.9%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Turkey ($X per litre), while Syrian Arab Republic ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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