Mexico: Bottled Water Market 2024

Bottled Water Market Size in Mexico

The Mexican bottled water market contracted slightly to $X in 2022, which is down by -3.1% against the previous year. The market 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. Bottled water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Bottled Water Production in Mexico

In value terms, bottled water production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 14% against the previous year. Bottled water production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Bottled Water Exports

Exports from Mexico

In 2022, shipments abroad of bottled waters decreased by -0.4% to X tons, falling for the second year in a row after nine years of growth. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bottled water exports amounted to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 36%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for bottled water exports from Mexico, with a 101% share of total exports. It was followed by Cuba (X tons), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +15.9%.

In value terms, the United States ($X) remains the key foreign market for bottled waters exports from Mexico, comprising 100% of total exports. The second position in the ranking was held by Cuba ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +20.3%.

Export Prices by Country

In 2022, the average bottled water export price amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cuba totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%).

Bottled Water Imports

Imports into Mexico

In 2022, the amount of bottled waters imported into Mexico rose to X tons, increasing by 4.5% on the previous year. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 121% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, bottled water imports reduced slightly to $X in 2022. Overall, imports saw a slight increase. The pace of growth appeared the most rapid in 2014 with an increase of 64% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main bottled water supplier to Mexico, accounting for a 132% share of total imports. It was followed by Italy (X tons), with a 2.5% share of total imports. Fiji (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.1% per year) and Fiji (+4.7% per year).

In value terms, the United States ($X) constituted the largest supplier of bottled waters to Mexico, comprising 101% of total imports. The second position in the ranking was held by Fiji ($X), with an 18% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (+11.3% per year) and Italy (+6.9% per year).

Import Prices by Country

The average bottled water import price stood at $X per ton in 2022, shrinking by -6.8% against the previous year. Overall, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Fiji ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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