Portugal: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Portugal

In 2022, the Portuguese mineral or aerated water market was finally on the rise to reach $X after nine years of decline. Overall, consumption, however, continues to indicate a perceptible curtailment. Mineral or aerated water consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Mineral or Aerated Waters in Portugal

In value terms, mineral or aerated water production stood at $X in 2022 estimated in export price. Overall, production, however, saw a perceptible descent. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports from Portugal

In 2022, shipments abroad of mineral or aerated 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 recorded a deep slump. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mineral or aerated water exports totaled $X in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 10%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Guinea-Bissau (X tons) and the United States (X tons) were the main destinations of mineral or aerated water exports from Portugal, together comprising 41% of total exports. These countries were followed by Switzerland, France, Cabo Verde, Canada, the UK, Macao SAR, Sao Tome and Principe, Germany, Luxembourg and Bermuda, which together accounted for a further 51%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +9.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for mineral or aerated waters exports from Portugal, comprising 31% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by France, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.2% per year) and France (+2.0% per year).

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per ton, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Bermuda ($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 (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral or Aerated Waters

Imports into Portugal

In 2022, mineral or aerated water imports into Portugal surged to X tons, with an increase of 24% compared with the previous year. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, mineral or aerated water imports soared to $X in 2022. In general, imports saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by 53%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest mineral or aerated water supplier to Portugal, accounting for a 87% share of total imports. Moreover, mineral or aerated water imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.3% per year) and Germany (-19.3% per year).

In value terms, Spain ($X) constituted the largest supplier of mineral or aerated waters to Portugal, comprising 81% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.4% per year) and Germany (-19.0% per year).

Import Prices by Country

The average mineral or aerated water import price stood at $X per ton in 2022, declining by -3.9% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mineral or aerated water import price increased by +1.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 57%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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