Mexico: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Mexico

The Mexican mineral or aerated water market fell modestly to $X in 2022, waning by -3.7% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Mineral or Aerated Waters in Mexico

In value terms, mineral or aerated water production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 33% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports from Mexico

In 2022, exports of mineral or aerated waters from Mexico was estimated at X tons, with an increase of 4.8% on the previous year's figure. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mineral or aerated water exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 35% 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.

Exports by Country

The United States (X tons) was the main destination for mineral or aerated water exports from Mexico, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +16.1%.

In value terms, the United States ($X) also remains the key foreign market for mineral or aerated waters exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +20.3%.

Export Prices by Country

The average mineral or aerated water export price stood at $X per ton in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.6% per year.

Imports of Mineral or Aerated Waters

Imports into Mexico

After three years of decline, purchases abroad of mineral or aerated waters increased by 16% to X tons in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, mineral or aerated water imports dropped to $X in 2022. In general, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Italy (X tons) and France (X tons) were the main suppliers of mineral or aerated water imports to Mexico, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +5.0%), while imports for the other leaders experienced a decline.

In value terms, the largest mineral or aerated water suppliers to Mexico were the United States ($X), Italy ($X) and France ($X), with a combined 99% share of total imports.

Italy, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per ton, shrinking by -25.2% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 34%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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