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

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

The Asian non-mineral or non-aerated water market expanded to $X in 2021, picking up by 4.4% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, non-mineral or non-aerated water production totaled $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 92% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Non-Mineral or Non-Aerated Waters

Exports in Asia

In 2021, approx. X litres of non-mineral or non-aerated waters were exported in Asia; remaining constant against the previous year. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 69,548%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, non-mineral or non-aerated water exports expanded slightly to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 8.3%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Export Prices by Country

In 2021, the export price in Asia amounted to less than $X per litre, picking up by 1.7% against the previous year. In general, the export price, however, faced a dramatic decrease. The growth pace was the most rapid in 2016 an increase of 31%. The level of export peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

In 2021, the amount of non-mineral or non-aerated waters imported in Asia skyrocketed to X litres, with an increase of 30% compared with the year before. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 42%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, non-mineral or non-aerated water imports amounted 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 relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Hong Kong SAR represented the main importer of non-mineral or non-aerated waters in Asia, with the volume of imports reaching X litres, which was approx. 67% of total imports in 2021. Singapore (X litres) ranks second in terms of the total imports with a 13% share, followed by Palestine (7.7%). The following importers - China (X litres), the United Arab Emirates (X litres) and Macao SAR (X litres) - each amounted to a 6.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to non-mineral or non-aerated water imports into Hong Kong SAR stood at +6.7%. At the same time, Palestine (+51.0%), China (+6.3%), the United Arab Emirates (+4.2%) and Singapore (+1.3%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in Asia, with a CAGR of +51.0% from 2012-2021. Macao SAR experienced a relatively flat trend pattern. Hong Kong SAR (+8.1 p.p.) and Palestine (+7.4 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -5.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported non-mineral or non-aerated waters in Asia, comprising 82% of total imports. The second position in the ranking was taken by Macao SAR ($X), with a 4.8% share of total imports. It was followed by Singapore, with a 3.1% share.

In Hong Kong SAR, non-mineral or non-aerated water imports expanded at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Macao SAR (+3.0% per year) and Singapore (+3.7% per year).

Import Prices by Country

The import price in Asia stood at $X per litre in 2021, falling by -15.9% against the previous year. In general, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the import price increased by 33% against the previous year. The level of import peaked 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 Palestine (less than $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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