Bangladesh: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Bangladesh

The Bangladeshi mineral or aerated water market shrank to $X in 2022, declining by -5.1% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mineral or aerated water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in Bangladesh

In value terms, mineral or aerated water production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% 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 2018 when the production volume increased by 24%. Mineral or aerated water production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Mineral or Aerated Waters

Exports from Bangladesh

After two years of decline, overseas shipments of mineral or aerated waters increased by 69% to X tons in 2022. Overall, exports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of 573% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mineral or aerated water exports soared to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 136%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons), Comoros (X tons) and Saudi Arabia (X tons) were the main destinations of mineral or aerated water exports from Bangladesh, together comprising 55% of total exports. Malaysia, Australia, Oman and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +34.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Comoros ($X), Australia ($X) and New Zealand ($X) were the largest markets for mineral or aerated water exported from Bangladesh worldwide, with a combined 52% share of total exports. Saudi Arabia, Malaysia, Oman and France lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, France, with a CAGR of +9.2%, saw the highest rates of growth with regard to 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

The average mineral or aerated water export price stood at $X per ton in 2022, waning by -1.6% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 an increase of 100%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Comoros (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Mineral or Aerated Waters

Imports into Bangladesh

In 2022, overseas purchases of mineral or aerated waters increased by 10% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 97%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, mineral or aerated water imports declined modestly to $X in 2022. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2019 when imports increased by 81%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Sri Lanka (X tons) and Bhutan (X tons) were the main suppliers of mineral or aerated water imports to Bangladesh, with a combined 34% share of total imports. The UK, Malaysia, the United Arab Emirates, Canada, the Netherlands, Belgium, China, Singapore, Italy and Japan lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral or aerated water suppliers to Bangladesh were France ($X), Malaysia ($X) and the UK ($X), together comprising 37% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +59.7%, recorded 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 average mineral or aerated water import price amounted to $X per ton, shrinking by -12.4% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mineral or aerated water import price increased by +4.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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