Eastern Asia: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Eastern Asia

The East Asian non-mineral or non-aerated water market rose modestly to $X in 2021, surging by 3.4% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Non-Mineral or Non-Aerated Waters in Eastern Asia

In value terms, non-mineral or non-aerated water production reduced modestly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +16.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.6% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 219%. The level of production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Non-Mineral or Non-Aerated Waters

Exports in Eastern Asia

Non-mineral or non-aerated water exports stood at X litres in 2021, leveling off at the year before. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 89,005% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, non-mineral or non-aerated water exports stood at $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by 6.9%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from China (X litres), together finishing at 99.9% of total export.

China was also the fastest-growing in terms of the non-mineral or non-aerated waters exports, with a CAGR of +119.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-mineral or non-aerated water supplier in Eastern Asia.

In China, non-mineral or non-aerated water exports expanded at an average annual rate of +3.5% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at less than $X per litre in 2021, remaining stable against the previous year. In general, the export price continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by 30% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2021, 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 China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -52.8% per year.

Imports of Non-Mineral or Non-Aerated Waters

Imports in Eastern Asia

In 2021, the amount of non-mineral or non-aerated waters imported in Eastern Asia skyrocketed to X litres, picking up by 34% on 2020. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +4.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 72% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, non-mineral or non-aerated water imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 15% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Hong Kong SAR prevails in imports structure, amounting to X litres, which was approx. 92% of total imports in 2021. China (X litres), Macao SAR (X litres) and Japan (X litres) held a little share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the non-mineral or non-aerated waters imports, with a CAGR of +6.7% from 2012 to 2021. At the same time, China (+6.3%) displayed positive paces of growth. Macao SAR experienced a relatively flat trend pattern. By contrast, Japan (-17.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hong Kong SAR increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported non-mineral or non-aerated waters in Eastern Asia, comprising 89% of total imports. The second position in the ranking was held by Macao SAR ($X), with a 5.3% share of total imports. It was followed by China, with a 2.7% share.

In Hong Kong SAR, non-mineral or non-aerated water imports increased at an average annual rate of +3.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Macao SAR (+3.0% per year) and China (+8.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per litre, waning by -18.2% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of 58% against the previous year. The level of import peaked at $X per litre in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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