MERCOSUR: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in MERCOSUR

In 2021, the MERCOSUR non-mineral or non-aerated water market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Mineral or Non-Aerated Waters in MERCOSUR

In value terms, non-mineral or non-aerated water production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 23% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Non-Mineral or Non-Aerated Waters

Exports in MERCOSUR

In 2021, approx. X litres of non-mineral or non-aerated waters were exported in MERCOSUR; surging by 13% against 2020. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 44%. The volume of export peaked at X litres in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-mineral or non-aerated water exports rose modestly to $X in 2021. Over the period under review, exports showed a slight expansion. The growth pace was the most rapid in 2013 with an increase of 39% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Peru represented the major exporting country with an export of about X litres, which amounted to 72% of total exports. It was distantly followed by Brazil (X litres), constituting a 25% share of total exports.

Peru experienced a relatively flat trend pattern with regard to volume of exports of non-mineral or non-aerated waters. At the same time, Brazil (+30.5%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +30.5% from 2012-2021. While the share of Brazil (+22 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Peru (-23.7 p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest non-mineral or non-aerated water supplier in MERCOSUR, comprising 65% of total exports. The second position in the ranking was held by Brazil ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Peru was relatively modest.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per litre, falling by -8% against the previous year. Overall, the export price recorded a mild decrease. The growth pace was the most rapid in 2016 when the export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per litre), while Brazil totaled $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-0.1%).

Imports of Non-Mineral or Non-Aerated Waters

Imports in MERCOSUR

In 2021, approx. X litres of non-mineral or non-aerated waters were imported in MERCOSUR; with an increase of 87% against the previous year's figure. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-mineral or non-aerated water imports soared to $X in 2021. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 84%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Guyana (X litres) was the key importer of non-mineral or non-aerated waters, comprising 59% of total imports. It was distantly followed by Colombia (X litres) and Peru (X litres), together mixing up a 37% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +71.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X) constitutes the largest market for imported non-mineral or non-aerated waters in MERCOSUR, comprising 53% of total imports. The second position in the ranking was held by Colombia ($X), with a 23% share of total imports.

In Guyana, non-mineral or non-aerated water imports increased at an average annual rate of +13.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Colombia (+46.4% per year) and Peru (+15.9% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per litre, with a decrease of -11.9% against the previous year. In general, the import price saw a noticeable setback. The growth pace was the most rapid in 2017 an increase of 21%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Guyana ($X per litre), while Peru ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (-2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform