Northern America: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Northern America

The North American mineral or aerated water market declined to $X in 2022, waning by -1.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Mineral or Aerated Waters in Northern America

In value terms, mineral or aerated water production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports in Northern America

In 2022, shipments abroad of mineral or aerated waters decreased by -1.8% to X litres, falling for the second year in a row after two years of growth. In general, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 27%. The volume of export peaked at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports reduced to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States represented the main exporter of mineral or aerated waters in Northern America, with the volume of exports reaching X litres, which was approx. 84% of total exports in 2022. It was distantly followed by Canada (X litres), constituting a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mineral or aerated water exports from the United States stood at -3.9%. At the same time, Canada (+5.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.9% from 2012-2022. Canada (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -9.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest mineral or aerated water supplier in Northern America, comprising 90% of total exports. The second position in the ranking was held by Canada ($X), with a 10% share of total exports.

In the United States, mineral or aerated water exports declined by an average annual rate of -1.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per litre, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 when the export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2015 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 the United States ($X per litre), while Canada totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%).

Imports of Mineral or Aerated Waters

Imports in Northern America

In 2022, supplies from abroad of mineral or aerated waters increased by 2.2% to X litres, rising for the sixth consecutive year after two years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 69%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, mineral or aerated water imports skyrocketed to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of around X litres, which amounted to 87% of total imports. It was distantly followed by Canada (X litres), mixing up a 13% share of total imports.

The United States was also the fastest-growing in terms of the mineral or aerated waters imports, with a CAGR of +7.8% from 2012 to 2022. At the same time, Canada (+1.4%) displayed positive paces of growth. While the share of the United States (+8.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-8.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported mineral or aerated waters in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports.

In the United States, mineral or aerated water imports increased at an average annual rate of +6.3% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2022, with an increase of 13% against the previous year. In general, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2015 an increase of 41% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while Canada stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :