Benelux: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Benelux

The Benelux mineral or aerated water market declined to $X in 2022, with a decrease of -12.6% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in Benelux

In value terms, mineral or aerated water production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 149%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports in Benelux

In 2022, shipments abroad of mineral or aerated waters increased by 6% to X tons, rising for the sixth year in a row after two years of decline. In general, exports showed perceptible growth. The pace of growth appeared the most rapid in 2017 when exports increased by 99%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mineral or aerated water exports contracted to $X in 2022. Overall, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 45%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X tons) was the key exporter of mineral or aerated waters, committing 77% of total exports. It was distantly followed by the Netherlands (X tons) and Luxembourg (X tons), together achieving a 23% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mineral or aerated water exports from Belgium stood at +3.5%. At the same time, the Netherlands (+4.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +4.1% from 2012-2022. By contrast, Luxembourg (-1.2%) illustrated a downward trend over the same period. While the share of Belgium (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Luxembourg (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest mineral or aerated water supplier in Benelux, comprising 73% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+6.9% per year) and Luxembourg (-0.3% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, waning by -6.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 80% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($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 (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mineral or Aerated Waters

Imports in Benelux

In 2022, supplies from abroad of mineral or aerated waters decreased by -15.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, mineral or aerated water imports totaled $X in 2022. The total import value increased at an average annual rate of +2.0% 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 2013 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Belgium represented the largest importing country with an import of about X tons, which reached 78% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with a 16% share, followed by Luxembourg (6.8%).

Belgium experienced a relatively flat trend pattern with regard to volume of imports of mineral or aerated waters. The Netherlands (-1.1%) and Luxembourg (-2.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +4.1 percentage points.

In value terms, the largest mineral or aerated water importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

The Netherlands, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, picking up by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while Belgium ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform