China: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in China

The Chinese sugary soft drink market rose modestly to $X in 2022, picking up by 1.6% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Sugary soft drink consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sugary Soft Drink Production in China

In value terms, sugary soft drink production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. Sugary soft drink production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sugary Soft Drink Exports

Exports from China

Sugary soft drink exports from China amounted to X litres in 2022, with an increase of 14% compared with 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugary soft drink exports soared to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X litres), Singapore (X litres) and the United States (X litres) were the main destinations of sugary soft drink exports from China, with a combined 23% share of total exports. Myanmar, Australia, South Korea, the UK, Thailand, Mongolia, Canada, Malaysia, the Philippines and Peru lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +407.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and Russia ($X) constituted the largest markets for sugary soft drink exported from China worldwide, together comprising 25% of total exports. Myanmar, Australia, the UK, Canada, the Philippines, South Korea, Peru, Malaysia, Thailand and Mongolia lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Peru, with a CAGR of +422.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2021 when the average export price increased by 16% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Russia ($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 the United States (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into China

In 2022, after three years of growth, there was significant decline in supplies from abroad of sugary soft drinks, when their volume decreased by -40.3% to X litres. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 175% against the previous year. Over the period under review, imports reached the maximum at X litres in 2021, and then shrank markedly in the following year.

In value terms, sugary soft drink imports shrank rapidly to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 181% against the previous year. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, Thailand (X litres) constituted the largest sugary soft drink supplier to China, accounting for a 46% share of total imports. Moreover, sugary soft drink imports from Thailand exceeded the figures recorded by the second-largest supplier, France (X litres), threefold. The third position in this ranking was taken by Japan (X litres), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +66.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+41.4% per year) and Japan (+39.9% per year).

In value terms, Thailand ($X), France ($X) and Japan ($X) appeared to be the largest sugary soft drink suppliers to China, together accounting for 67% of total imports. South Korea, Indonesia, the United States, Austria and Malaysia lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Austria, with a CAGR of +97.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 13%. As a result, import price attained the peak level of $X per litre; afterwards, it flattened through to 2022.

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 Japan ($X per litre), while the price for Thailand ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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