Chile: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Chile

The Chilean mineral or aerated water market fell to $X in 2022, dropping by -2.5% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Mineral or aerated water consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in Chile

In value terms, mineral or aerated water production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 27% against the previous year. 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 from Chile

In 2022, after three years of decline, there was significant growth in shipments abroad of mineral or aerated waters, when their volume increased by 76% to X litres. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 225% against the previous year. As a result, the exports reached the peak of X litres. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, mineral or aerated water exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 84%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X litres) was the main destination for mineral or aerated water exports from Chile, with a 88% 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), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-4.5% per year) and Cuba (-38.1% per year).

In value terms, the United States ($X) remains the key foreign market for mineral or aerated waters exports from Chile, comprising 89% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-7.8% per year) and Cuba (-44.1% per year).

Export Prices by Country

The average mineral or aerated water export price stood at $X per litre in 2022, falling by -24.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 65%. Over the period under review, the average export prices reached the peak figure at $X per litre in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per litre), while the average price for exports to Cuba ($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 Qatar (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Chile

In 2022, mineral or aerated water imports into Chile skyrocketed to X litres, rising by 69% against the previous year. Over the period under review, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mineral or aerated water imports surged to $X in 2022. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X litres), Italy (X litres) and France (X litres) were the main suppliers of mineral or aerated water imports to Chile, together comprising 81% of total imports. Paraguay, the United States, Norway and the UK lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +81.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral or aerated water suppliers to Chile were France ($X), Italy ($X) and Peru ($X), together accounting for 82% of total imports. These countries were followed by Norway, Paraguay, the United States and the UK, which together accounted for a further 13%.

The UK, with a CAGR of +54.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 litre in 2022, increasing by 15% against the previous year. Overall, the import price, however, recorded a slight curtailment. The import price peaked at $X per litre in 2014; however, from 2015 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 ($X per litre), while the price for Peru ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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