India: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in India

The Indian mineral or aerated water market declined to $X in 2022, which is down by -3.4% against the previous year. Over the period under review, consumption, however, showed a strong expansion. Mineral or aerated water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in India

In value terms, mineral or aerated water production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 33%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Mineral or Aerated Waters

Exports from India

After two years of growth, shipments abroad of mineral or aerated waters decreased by -58.9% to X tons in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 49%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports contracted markedly to $X in 2022. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 87%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for mineral or aerated water exports from India, accounting for a 62% share of total exports. Moreover, mineral or aerated water exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Singapore (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+142.7% per year) and Singapore (+9.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for mineral or aerated waters exports from India, comprising 39% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+34.8% per year) and Saudi Arabia (+180.1% per year).

Export Prices by Country

The average mineral or aerated water export price stood at $X per ton in 2022, jumping by 26% against the previous year. Over the period under review, the export price posted prominent growth. The growth pace was the most rapid in 2017 an increase of 50% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Qatar ($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 Oman (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into India

In 2022, purchases abroad of mineral or aerated waters was finally on the rise to reach X tons after three years of decline. In general, imports showed a significant increase. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mineral or aerated water imports soared to $X in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bhutan (X tons), France (X tons) and Belgium (X tons) were the main suppliers of mineral or aerated water imports to India, with a combined 60% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +142.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bhutan ($X) constituted the largest supplier of mineral or aerated waters to India, comprising 46% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports. It was followed by Belgium, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bhutan stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.0% per year) and Belgium (+160.7% per year).

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per ton, reducing by -28.5% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average import price increased by 62% against the previous year. The import price peaked at $X per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bhutan ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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