Canada: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Canada

The Canadian mineral or aerated water market contracted to $X in 2022, which is down by -6.4% against the previous year. Over the period under review, the total consumption indicated a pronounced 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, consumption increased by +8.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in Canada

In value terms, mineral or aerated water production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion 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 +8.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 51%. Mineral or aerated water production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports from Canada

Mineral or aerated water exports from Canada skyrocketed to X litres in 2022, jumping by 171% against the previous year's figure. Overall, exports posted a resilient expansion. The exports peaked at X litres in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports contracted dramatically to $X in 2022. Over the period under review, exports showed a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of 46%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

The United States (X litres) was the main destination for mineral or aerated water exports from Canada, with a 77% share of total exports. Moreover, mineral or aerated water exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X litres), eightfold. The third position in this ranking was held by China (X litres), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-6.9% per year) and China (+8.7% per year).

In value terms, the United States ($X) remains the key foreign market for mineral or aerated waters exports from Canada, comprising 71% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by Taiwan (Chinese), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.4% per year) and Taiwan (Chinese) (-8.3% per year).

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per litre, waning by -74.7% against the previous year. In general, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2021 an increase of 351% against the previous year. As a result, the export price reached the peak level of $X per litre, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per litre), while the average price for exports to Taiwan (Chinese) ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Canada

After two years of decline, purchases abroad of mineral or aerated waters increased by 30% to X litres in 2022. Over the period under review, imports recorded a mild expansion. The growth pace was the most rapid in 2017 when imports increased by 614% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, mineral or aerated water imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X litres), Italy (X litres) and Fiji (X litres) were the main suppliers of mineral or aerated water imports to Canada, together comprising 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of mineral or aerated waters to Canada, comprising 57% of total imports. The second position in the ranking was held by Italy ($X), with a 24% share of total imports. It was followed by Fiji, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.5% per year) and Fiji (+7.1% per year).

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per litre, reducing by -9% against the previous year. Overall, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 634% against the previous year. As a result, import price attained the peak level of $X per litre. From 2017 to 2022, the average import prices failed to regain momentum.

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 United States ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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