EU: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in the EU

The EU sugary soft drink market expanded remarkably to $X in 2022, increasing by 9% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sugary Soft Drink Production in the EU

In value terms, sugary soft drink production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 12%. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the near future.

Sugary Soft Drink Exports

Exports in the EU

For the eleventh consecutive year, the European Union recorded growth in shipments abroad of sugary soft drinks, which increased by 7.1% to X litres in 2022. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +77.5% against 2012 indices. The growth pace was the most rapid in 2021 when exports increased by 15%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sugary soft drink exports rose modestly to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +85.0% against 2015 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The shipments of the five major exporters of sugary soft drinks, namely Austria, the Netherlands, Germany, Poland and France, represented more than two-thirds of total export. The following exporters - Hungary (X litres), Belgium (X litres), the Czech Republic (X litres), Romania (X litres), Spain (X litres), Italy (X litres), Slovakia (X litres) and Denmark (X litres) - together made up 23% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +20.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the largest sugary soft drink supplier in the European Union, comprising 35% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total exports. It was followed by Germany, with a 10% share.

In Austria, sugary soft drink exports increased at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+10.1% per year) and Germany (+2.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per litre in 2022, waning by -4.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 11%. As a result, the export price reached the peak level of $X per litre. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the other leaders experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports in the EU

For the eleventh year in a row, the European Union recorded growth in supplies from abroad of sugary soft drinks, which increased by 4.4% to X litres in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, sugary soft drink imports rose markedly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.2% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X litres), followed by the Netherlands (X litres), France (X litres), Belgium (X litres), Ireland (X litres) and Austria (X litres) represented the main importers of sugary soft drinks, together mixing up 60% of total imports. The following importers - Hungary (X litres), Slovakia (X litres), Sweden (X litres), Poland (X litres), Portugal (X litres), the Czech Republic (X litres) and Romania (X litres) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +18.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugary soft drink importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 42% share of total imports. Belgium, Austria, Ireland, Sweden, Poland, Romania, Slovakia, the Czech Republic, Hungary and Portugal lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Austria, with a CAGR of +22.2%, 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

In 2022, the import price in the European Union amounted to $X per litre, picking up by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 an increase of 9.7% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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