Japan: Soft Drink Market 2024

Soft Drink Market Size in Japan

The Japanese soft drink market totaled $X in 2021, remaining stable against the previous year. Over the period under review, consumption, however, saw a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Soft Drink Production in Japan

In value terms, soft drink production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 23% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Soft Drink Exports

Exports from Japan

In 2021, the amount of soft drinks exported from Japan skyrocketed to X litres, surging by 16% against 2020. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 43%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, soft drink exports surged to $X in 2021. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 22% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X litres), Australia (X litres) and the United States (X litres) were the main destinations of soft drink exports from Japan, together comprising 54% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +38.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Hong Kong SAR ($X) appeared to be the largest markets for soft drink exported from Japan worldwide, together comprising 54% of total exports. Australia, Taiwan (Chinese), the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Australia, with a CAGR of +18.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average soft drink export price amounted to $X per litre, remaining relatively unchanged against the previous year. In general, the export price recorded a noticeable decline. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The export price peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per litre), while the average price for exports to Australia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%), while the prices for the other major destinations experienced a decline.

Soft Drink Imports

Imports into Japan

In 2021, approx. X litres of soft drinks were imported into Japan; rising by 28% on the previous year's figure. Over the period under review, imports, however, recorded a pronounced setback. Over the period under review, imports reached the maximum at X litres in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, soft drink imports amounted to $X in 2021. In general, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 8.1%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Switzerland (X litres) constituted the largest soft drink supplier to Japan, accounting for a 45% share of total imports. Moreover, soft drink imports from Switzerland exceeded the figures recorded by the second-largest supplier, South Korea (X litres), fourfold. The third position in this ranking was held by the United States (X litres), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.2% per year) and the United States (-17.9% per year).

In value terms, Switzerland ($X) constituted the largest supplier of soft drink to Japan, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.2% per year) and South Korea (-4.4% per year).

Import Prices by Country

The average soft drink import price stood at $X per litre in 2021, shrinking by -20.8% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by 37%. The import price peaked at $X per litre in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per litre), while the price for Vietnam ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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