China: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in China

The Chinese mineral or aerated water market contracted slightly to $X in 2022, with a decrease of -2.1% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 +2.2% against 2020 indices. Mineral or aerated water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Mineral or Aerated Waters in China

In value terms, mineral or aerated water production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 38% against the previous year. 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 China

In 2022, after two years of decline, there was significant growth in shipments abroad of mineral or aerated waters, when their volume increased by 35% to X tons. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 293%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mineral or aerated water exports surged to $X in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 when exports increased by 408% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for mineral or aerated water exports from China, with a approx. 85% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at +52.3%.

In value terms, South Korea ($X) also remains the key foreign market for mineral or aerated waters exports from China.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to +58.1%.

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The pace of growth appeared the most rapid in 2013 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +7.2% per year.

Imports of Mineral or Aerated Waters

Imports into China

In 2022, the amount of mineral or aerated waters imported into China expanded modestly to X tons, growing by 4.3% against 2021. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 79% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mineral or aerated water imports dropped to $X in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of mineral or aerated water to China, with a 50% share of total imports. Moreover, mineral or aerated water imports from France exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+176.9% per year) and Italy (+10.3% per year).

In value terms, France ($X) constituted the largest supplier of mineral or aerated waters to China, comprising 54% of total imports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+164.7% per year) and Italy (+13.5% per year).

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per ton, with a decrease of -10.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2020 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Fiji ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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