Ireland: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Ireland

The Irish sugary soft drink market reduced notably to $X in 2022, declining by -20.2% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Sugary Soft Drink Production in Ireland

In value terms, sugary soft drink production soared to $X in 2022 estimated in export price. Overall, production, however, enjoyed slight growth. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports from Ireland

In 2022, shipments abroad of sugary soft drinks was finally on the rise to reach X litres for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugary soft drink exports totaled $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X litres) was the main destination for sugary soft drink exports from Ireland, accounting for a 75% share of total exports. Moreover, sugary soft drink exports to the UK exceeded the volume sent to the second major destination, Croatia (X litres), more than tenfold. Romania (X litres) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+236.2% per year) and Romania (+586.6% per year).

It was followed by Romania, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+248.0% per year) and Romania (+504.4% per year).

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, dropping by -70.9% against the previous year. Over the period under review, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 125% against the previous year. As a result, the export price attained the peak level of $X per litre, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to the UK ($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 Croatia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Ireland

Sugary soft drink imports into Ireland fell to X litres in 2022, almost unchanged from 2021. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +50.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of X litres, leveling off in the following year.

In value terms, sugary soft drink imports soared to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the UK (X litres) constituted the largest sugary soft drink supplier to Ireland, accounting for a 88% share of total imports. Moreover, sugary soft drink imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X litres), more than tenfold. The Netherlands (X litres) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and the Netherlands (+24.3% per year).

In value terms, the UK ($X) constituted the largest supplier of sugary soft drinks to Ireland, comprising 78% of total imports. The second position in the ranking was held by Switzerland ($X), with a 9.1% share of total imports. It was followed by Germany, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.3% per year) and Germany (+5.7% per year).

Import Prices by Country

In 2022, the average sugary soft drink import price amounted to $X per litre, surging by 17% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Switzerland ($X per litre), while the price for the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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