India: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in India

The Indian sugary soft drink market reduced slightly to $X in 2022, shrinking by -4.9% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value 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, consumption decreased by -13.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Sugary Soft Drink Production in India

In value terms, sugary soft drink production dropped to $X in 2022 estimated in export price. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Sugary Soft Drink Exports

Exports from India

Sugary soft drink exports from India skyrocketed to X litres in 2022, increasing by 22% on 2021 figures. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 226%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, sugary soft drink exports declined modestly to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 279%. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

The United Arab Emirates (X litres), the United States (X litres) and Nepal (X litres) were the main destinations of sugary soft drink exports from India, together accounting for 80% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +67.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for sugary soft drinks exports from India, comprising 43% of total exports. The second position in the ranking was held by Nepal ($X), with a 17% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +65.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+21.9% per year) and the United States (+27.7% per year).

Export Prices by Country

The average sugary soft drink export price stood at $X per litre in 2022, with a decrease of -21.2% against the previous year. In general, the export price, however, posted strong growth. The growth pace was the most rapid in 2019 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into India

In 2022, purchases abroad of sugary soft drinks increased by 153% to X litres, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 162%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sugary soft drink imports skyrocketed to $X in 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 174% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Bhutan (X litres), Nepal (X litres) and Malaysia (X litres) were the main suppliers of sugary soft drink imports to India, with a combined 77% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +49.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Bhutan ($X) and the United Arab Emirates ($X) constituted the largest sugary soft drink suppliers to India, with a combined 70% share of total imports. Malaysia, the United States, Turkey, the UK, Poland and Bangladesh lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Malaysia, with a CAGR of +40.3%, recorded 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 average sugary soft drink import price stood at $X per litre in 2022, declining by -26.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 46%. The import price peaked at $X per litre in 2021, and then shrank sharply 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 the United States ($X per litre), while the price for Bhutan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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