Portugal: Bottled Water Market 2024

Bottled Water Market Size in Portugal

In 2022, the Portuguese bottled water market was finally on the rise to reach $X for the first time since 2012, thus ending a nine-year declining trend. In general, consumption, however, saw a noticeable descent. Bottled water consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Bottled Water Production in Portugal

In value terms, bottled water production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable slump. Bottled water production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Bottled Water Exports

Exports from Portugal

In 2022, overseas shipments of bottled waters decreased by -14.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 16% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bottled water exports expanded slightly to $X in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 9.6% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Guinea-Bissau (X tons) and Switzerland (X tons) were the main destinations of bottled water exports from Portugal, together accounting for 42% of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +9.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for bottled waters exports from Portugal, comprising 30% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by France, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.2% per year) and France (+0.4% per year).

Export Prices by Country

In 2022, the average bottled water export price amounted to $X per ton, growing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, the export price reached 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 Spain ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Portugal

In 2022, purchases abroad of bottled waters increased by 30% to X tons, rising for the eighth year in a row after two years of decline. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, bottled water imports skyrocketed to $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of bottled water to Portugal, accounting for a 89% share of total imports. Moreover, bottled water imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.2% per year) and Germany (-19.3% per year).

In value terms, Spain ($X) constituted the largest supplier of bottled waters to Portugal, comprising 83% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.8% per year) and Germany (-19.1% per year).

Import Prices by Country

The average bottled water import price stood at $X per ton in 2022, dropping by -4.1% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bottled water import price increased by +4.7% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 77% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :