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

Market Size for Non-Mineral or Non-Aerated Waters in the Philippines

In 2021, the Philippine non-mineral or non-aerated water market increased by 2% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-mineral or non-aerated water consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Non-Mineral or Non-Aerated Waters in the Philippines

In value terms, non-mineral or non-aerated water production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% 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 2013 with an increase of 44% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Non-Mineral or Non-Aerated Waters

Exports from the Philippines

In 2021, approx. X litres of non-mineral or non-aerated waters were exported from the Philippines; with a decrease of -85.5% against 2020 figures. In general, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 1,251% against the previous year. As a result, the exports reached the peak of X litres. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-mineral or non-aerated water exports dropped markedly to $X in 2021. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 837% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X litres), New Zealand (X litres) and Aruba (X litres) were the main destinations of non-mineral or non-aerated water exports from the Philippines, together comprising 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +307.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-mineral or non-aerated water exported from the Philippines were the United Arab Emirates ($X), New Zealand ($X) and Aruba ($X), with a combined 99% share of total exports.

New Zealand, with a CAGR of +59.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-mineral or non-aerated water export price amounted to $X per litre, growing by 82% against the previous year. Overall, the export price enjoyed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per litre), while the average price for exports to Aruba ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Mineral or Non-Aerated Waters

Imports into the Philippines

In 2021, the amount of non-mineral or non-aerated waters imported into the Philippines soared to X litres, growing by 66% compared with the year before. In general, imports, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 127%. Imports peaked at X litres in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-mineral or non-aerated water imports rose to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 95%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, France (X litres) constituted the largest non-mineral or non-aerated water supplier to the Philippines, accounting for a 33% share of total imports. Moreover, non-mineral or non-aerated water imports from France exceeded the figures recorded by the second-largest supplier, Fiji (X litres), twofold. The third position in this ranking was taken by the United States (X litres), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (+12.7% per year) and the United States (+8.4% per year).

In value terms, the largest non-mineral or non-aerated water suppliers to the Philippines were the United States ($X), France ($X) and Japan ($X), with a combined 77% share of total imports. These countries were followed by Fiji, China, Spain, Singapore and South Korea, which together accounted for a further 19%.

In terms of the main suppliers, China, with a CAGR of +107.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-mineral or non-aerated water import price amounted to $X per litre, with a decrease of -38.2% against the previous year. Overall, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 159%. As a result, import price reached the peak level of $X per litre, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per litre), while the price for China ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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