Colombia: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Colombia

The Colombian mineral or aerated water market shrank to $X in 2022, waning by -8.1% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant increase. Mineral or aerated water consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Mineral or Aerated Waters in Colombia

In value terms, mineral or aerated water production declined to $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The growth pace was the most rapid in 2015 when the production volume increased by 32%. Mineral or aerated water production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports from Colombia

In 2022, approx. X tons of mineral or aerated waters were exported from Colombia; remaining constant against the previous year's figure. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 173%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports shrank to $X in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 192% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for mineral or aerated water exports from Colombia, accounting for a 72% share of total exports. Moreover, mineral or aerated water exports to Chile exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.9% per year) and Guatemala (+15.1% per year).

In value terms, Chile ($X) emerged as the key foreign market for mineral or aerated waters exports from Colombia, comprising 76% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+5.9% per year) and Germany (-0.2% per year).

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per ton, shrinking by -2.9% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mineral or aerated water export price increased by +3.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 18%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Germany ($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 Chile (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral or Aerated Waters

Imports into Colombia

In 2022, the amount of mineral or aerated waters imported into Colombia dropped markedly to X tons, with a decrease of -20.5% against the previous year. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 242% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mineral or aerated water imports shrank sharply to $X in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 181% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of mineral or aerated water to Colombia, accounting for a 34% share of total imports. Moreover, mineral or aerated water imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.3% per year) and the Netherlands (+2.3% per year).

In value terms, Italy ($X) constituted the largest supplier of mineral or aerated waters to Colombia, comprising 34% of total imports. The second position in the ranking was held by France ($X), with a 2.4% share of total imports. It was followed by the United States, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-18.3% per year) and the United States (-5.7% per year).

Import Prices by Country

The average mineral or aerated water import price stood at $X per ton in 2022, rising by 4.2% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price 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, mineral or aerated water import price decreased by -6.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 35%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, 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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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