Brazil: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Brazil

The Brazilian mineral or aerated water market fell to $X in 2022, dropping by -8.9% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.8% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Mineral or Aerated Waters in Brazil

In value terms, mineral or aerated water production dropped to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.9% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 45%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Mineral or Aerated Waters

Exports from Brazil

For the fifth year in a row, Brazil recorded growth in shipments abroad of mineral or aerated waters, which increased by 18% to X tons in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 232%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, mineral or aerated water exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 378%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Liberia (X tons), Marshall Islands (X tons) and Panama (X tons) were the main destinations of mineral or aerated water exports from Brazil, together accounting for 40% of total exports. Canada, Malta, Singapore, Guyana, Greece, the Netherlands, Cyprus, Bahamas, Hong Kong SAR and Portugal lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +283.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for mineral or aerated waters exports from Brazil, comprising 34% of total exports. The second position in the ranking was held by Marshall Islands ($X), with a 14% share of total exports. It was followed by Liberia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +185.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+66.7% per year) and Liberia (+70.3% per year).

Export Prices by Country

The average mineral or aerated water export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 54%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Guyana ($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 Canada (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Brazil

In 2022, imports of mineral or aerated waters into Brazil skyrocketed to X tons, growing by 97% against 2021 figures. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mineral or aerated water imports soared to $X in 2022. Overall, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of mineral or aerated water to Brazil, with a 30% share of total imports. Moreover, mineral or aerated water imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Argentina (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.5% per year) and Argentina (+74.1% per year).

In value terms, Italy ($X), France ($X) and Norway ($X) appeared to be the largest mineral or aerated water suppliers to Brazil, together comprising 69% of total imports. Argentina and Portugal lagged somewhat behind, together accounting for a further 5.5%.

Argentina, with a CAGR of +35.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mineral or aerated water import price stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 50%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Norway ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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