MERCOSUR: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in MERCOSUR

The MERCOSUR sugary soft drink market was estimated at $X in 2022, rising by 2.6% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.8%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sugary Soft Drink Production in MERCOSUR

In value terms, sugary soft drink production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9.5%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports in MERCOSUR

Sugary soft drink exports reduced to X litres in 2022, waning by -5.1% on 2021 figures. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.0% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 25%. As a result, the exports reached the peak of X litres. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugary soft drink exports shrank slightly to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X litres) and Peru (X litres) represented the main exporters of sugary soft drinks in MERCOSUR, together creating 74% of total exports. Argentina (X litres) took the next position in the ranking, followed by Colombia (X litres). All these countries together took near 23% share of total exports. Guyana (X litres) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Guyana (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 81% of total exports. Argentina and Guyana lagged somewhat behind, together accounting for a further 15%.

Among the main exporting countries, Guyana, with a CAGR of +21.5%, recorded the highest growth rate of 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 2022, the export price in MERCOSUR amounted to $X per litre, picking up by 3.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per litre), while Peru ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Sugary Soft Drink Imports

Imports in MERCOSUR

In 2022, the amount of sugary soft drinks imported in MERCOSUR skyrocketed to X litres, rising by 65% against the year before. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sugary soft drink imports soared to $X in 2022. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X litres) and Suriname (X litres) were the key importers of sugary soft drinks in 2022, amounting to approx. 36% and 28% of total imports, respectively. Paraguay (X litres) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Guyana (9.7%) and Colombia (5.2%). The following importers - Uruguay (X litres) and Ecuador (X litres) - each recorded a 5.7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +61.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported sugary soft drinks in MERCOSUR, comprising 66% of total imports. The second position in the ranking was held by Suriname ($X), with a 13% share of total imports. It was followed by Guyana, with a 5.6% share.

In Chile, sugary soft drink imports increased at an average annual rate of +69.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Suriname (+14.8% per year) and Guyana (-2.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per litre in 2022, surging by 73% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugary soft drink import price increased by +83.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per litre), while Paraguay ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform