Latin America and the Caribbean: Market for Non-Alcoholic Beverages, Not Containing Milk 2025

Market Size for Non-Alcoholic Beverages, Not Containing Milk in Latin America and the Caribbean

The Latin American market for non-alcoholic beverages, not containing milk shrank to $X in 2022, dropping by -13.3% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Alcoholic Beverages, Not Containing Milk in Latin America and the Caribbean

In value terms, non-alcoholic beverage, not containing milk production dropped to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Non-Alcoholic Beverages, Not Containing Milk

Exports in Latin America and the Caribbean

Non-alcoholic beverage, not containing milk exports soared to X litres in 2022, surging by 25% on the previous year's figure. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2017 when exports increased by 58% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-alcoholic beverage, not containing milk exports expanded rapidly to $X in 2022. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 50%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Mexico represented the key exporting country with an export of around X litres, which finished at 46% of total exports. El Salvador (X litres) took the second position in the ranking, followed by Guatemala (X litres). All these countries together held approx. 36% share of total exports. The following exporters - Costa Rica (X litres), Argentina (X litres) and Trinidad and Tobago (X litres) - together made up 8.1% of total exports.

Mexico was also the fastest-growing in terms of the non-alcoholic beverages, not containing milk exports, with a CAGR of +23.2% from 2012 to 2022. At the same time, Guatemala (+14.2%), Trinidad and Tobago (+7.3%), Costa Rica (+3.7%) and El Salvador (+2.5%) displayed positive paces of growth. By contrast, Argentina (-5.3%) illustrated a downward trend over the same period. Mexico (+24 p.p.) and El Salvador (+18 p.p.) significantly strengthened its position in terms of the total exports, while Trinidad and Tobago, Costa Rica and Argentina saw its share reduced by -2%, -5.6% and -16.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest non-alcoholic beverage, not containing milk supplier in Latin America and the Caribbean, comprising 43% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 16% share of total exports. It was followed by El Salvador, with a 15% share.

In Mexico, non-alcoholic beverage, not containing milk exports increased at an average annual rate of +21.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guatemala (+13.6% per year) and El Salvador (-0.6% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per litre, waning by -10.8% against the previous year. In general, the export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2021 an increase of 9.3% against the previous year. Over the period under review, the export prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per litre), while El Salvador ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Alcoholic Beverages, Not Containing Milk

Imports in Latin America and the Caribbean

In 2022, non-alcoholic beverage, not containing milk imports in Latin America and the Caribbean was estimated at X litres, picking up by 8.3% compared with 2021 figures. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 32%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, non-alcoholic beverage, not containing milk imports surged to $X in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Brazil (X litres), Guatemala (X litres), Chile (X litres), El Salvador (X litres), Honduras (X litres), Mexico (X litres), the Dominican Republic (X litres), Panama (X litres), Colombia (X litres), Nicaragua (X litres), Costa Rica (X litres) and Guyana (X litres) was the main importer of non-alcoholic beverages, not containing milk in Latin America and the Caribbean, generating 83% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Panama (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alcoholic beverage, not containing milk importing markets in Latin America and the Caribbean were Brazil ($X), Guatemala ($X) and the Dominican Republic ($X), together comprising 38% of total imports. Chile, Mexico, Colombia, El Salvador, Panama, Honduras, Costa Rica, Nicaragua and Guyana lagged somewhat behind, together comprising a further 43%.

Panama, with a CAGR of +30.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per litre in 2022, increasing by 8.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 19%. As a result, import price reached the peak level of $X per litre. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per litre), while Honduras ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :