Eastern Asia: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Eastern Asia

The East Asian mineral or aerated water market fell to $X in 2022, which is down by -4.2% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +4.3% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in Eastern Asia

In value terms, mineral or aerated water production shrank modestly to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +4.6% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 22%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports in Eastern Asia

In 2022, overseas shipments of mineral or aerated waters increased by 29% to X litres for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 132% against the previous year. Over the period under review, the exports hit record highs at X litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mineral or aerated water exports soared to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, reaching X litres, which was near 91% of total exports in 2022. The following exporters - South Korea (X litres), Japan (X litres) and Taiwan (Chinese) (X litres) - together made up 8.7% of total exports.

China was also the fastest-growing in terms of the mineral or aerated waters exports, with a CAGR of +28.9% from 2012 to 2022. At the same time, Japan (+7.1%) and Taiwan (Chinese) (+3.3%) displayed positive paces of growth. By contrast, South Korea (-1.5%) illustrated a downward trend over the same period. China (+50 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Taiwan (Chinese) and South Korea saw its share reduced by -4.6%, -7.1% and -21.7% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest mineral or aerated water supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was held by South Korea ($X), with a 6.3% share of total exports. It was followed by Japan, with a 4.2% share.

In China, mineral or aerated water exports increased at an average annual rate of +34.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-2.0% per year) and Japan (-0.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per litre in 2022, reducing by -6.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 when the export price increased by 14% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per litre), while China ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the other leaders experienced a decline in the export price figures.

Imports of Mineral or Aerated Waters

Imports in Eastern Asia

In 2022, purchases abroad of mineral or aerated waters decreased by -1% to X litres, falling for the third year in a row after two years of growth. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 31% against the previous year. The volume of import peaked at X litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mineral or aerated water imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 14% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of mineral or aerated water imports in 2022 were Japan (X litres), South Korea (X litres) and China (X litres), together finishing at 84% of total import. Hong Kong SAR (X litres) held a 6.1% share (based on physical terms) of total imports, which put it in second place, followed by Macao SAR (5.2%) and Taiwan (Chinese) (4.8%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral or aerated water importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 84% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +21.2%, 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 import price in Eastern Asia stood at $X per litre in 2022, declining by -3.6% against the previous year. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in 2021 an increase of 12%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per litre), while Macao SAR ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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