Ecuador: Bottled Water Market 2024

Bottled Water Market Size in Ecuador

The Ecuadorian bottled water market declined modestly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Bottled Water Production in Ecuador

In value terms, bottled water production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 36% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Bottled Water Exports

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in overseas shipments of bottled waters, when their volume decreased by -7.1% to X tons. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +20.7% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, bottled water exports shrank to $X in 2022. In general, exports, however, posted modest growth. The pace of growth was the most pronounced in 2013 when exports increased by 91%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for bottled water exports from Ecuador, with a 98% share of total exports. It was followed by Chile (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +8.0%.

In value terms, the United States ($X) remains the key foreign market for bottled waters exports from Ecuador, comprising 95% of total exports. The second position in the ranking was taken by Chile ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +2.1%.

Export Prices by Country

The average bottled water export price stood at $X per ton in 2022, rising by 3.4% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 15%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.1%).

Bottled Water Imports

Imports into Ecuador

In 2022, the amount of bottled waters imported into Ecuador contracted significantly to X tons, with a decrease of -30.1% compared with the previous year. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 151%. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, bottled water imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 194%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Belgium (X tons), Mexico (X tons) and Italy (X tons) were the main suppliers of bottled water imports to Ecuador, together accounting for 28% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +39.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of bottled waters to Ecuador, comprising 36% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports. It was followed by Belgium, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +62.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.2% per year) and Belgium (+14.1% per year).

Import Prices by Country

In 2022, the average bottled water import price amounted to $X per ton, which is down by -4.1% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bottled water import price increased by +11.4% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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 Mexico ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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