Northern America: Soft Drink Market 2024

Soft Drink Market Size in Northern America

The North American soft drink market contracted slightly to $X in 2021, almost unchanged from the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Soft Drink Production in Northern America

In value terms, soft drink production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 4.5%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Soft Drink Exports

Exports in Northern America

In 2021, overseas shipments of soft drinks increased by 11% to X litres, rising for the fourth year in a row after three years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. As a result, the exports attained the peak of X litres; afterwards, it flattened through to 2021.

In value terms, soft drink exports rose rapidly to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X litres) was the major exporter of soft drinks, creating 73% of total exports. It was distantly followed by Canada (X litres), creating a 27% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of soft drinks. At the same time, Canada (+6.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.7% from 2012-2021. Canada (+9.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -9.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest soft drink supplier in Northern America, comprising 78% of total exports. The second position in the ranking was taken by Canada ($X), with a 22% share of total exports.

In the United States, soft drink exports expanded at an average annual rate of +3.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per litre, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 when the export price increased by 14% against the previous year. Over the period under review, the export prices hit record highs at $X per litre in 2019; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per litre), while Canada stood at $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.1%).

Soft Drink Imports

Imports in Northern America

In 2021, approx. X litres of soft drinks were imported in Northern America; rising by 9.9% compared with the previous year's figure. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.8% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, soft drink imports totaled $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 11%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X litres) was the key importer of soft drinks, achieving 80% of total imports. It was distantly followed by Canada (X litres), generating a 20% share of total imports.

The United States was also the fastest-growing in terms of the soft drinks imports, with a CAGR of +6.5% from 2012 to 2021. At the same time, Canada (+2.3%) displayed positive paces of growth. The United States (+6.7 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -6.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported soft drinks in Northern America, comprising 79% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

In the United States, soft drink imports expanded at an average annual rate of +6.3% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2021, with a decrease of -2.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 8.7% against the previous year. As a result, import price attained the peak level of $X per litre. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per litre), while the United States amounted to $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :