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

Market Size for Non-Mineral or Non-Aerated Waters in Portugal

The Portuguese non-mineral or non-aerated water market expanded to $X in 2021, surging by 3.5% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Non-Mineral or Non-Aerated Waters in Portugal

In value terms, non-mineral or non-aerated water production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Portugal

Non-mineral or non-aerated water exports from Portugal declined markedly to X litres in 2021, reducing by -30.2% against the previous year. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by 103%. Over the period under review, the exports attained the peak figure at X litres in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-mineral or non-aerated water exports contracted slightly to $X in 2021. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 45%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X litres) was the main destination for non-mineral or non-aerated water exports from Portugal, accounting for a 37% share of total exports. Moreover, non-mineral or non-aerated water exports to Spain exceeded the volume sent to the second major destination, France (X litres), fourfold. Angola (X litres) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-32.3% per year) and Angola (-20.0% per year).

In value terms, the largest markets for non-mineral or non-aerated water exported from Portugal were the UK ($X), Spain ($X) and Angola ($X), with a combined 39% share of total exports. These countries were followed by Timor-Leste, France, Cabo Verde and Macao SAR, which together accounted for a further 18%.

Timor-Leste, with a CAGR of +58.9%, saw the highest growth rate of the value of exports, in terms of 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

The average non-mineral or non-aerated water export price stood at $X per litre in 2021, growing by 36% against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 80%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to Macao SAR ($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 UK (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Portugal

In 2021, purchases abroad of non-mineral or non-aerated waters decreased by -24.4% to X litres, falling for the second consecutive year after four years of growth. Overall, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2016 with an increase of 575% against the previous year. Over the period under review, imports attained the maximum at X litres in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, non-mineral or non-aerated water imports contracted significantly to $X in 2021. In general, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2016 when imports increased by 153%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X litres) was the main supplier of non-mineral or non-aerated water to Portugal, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +2.3%.

In value terms, Spain ($X) constituted the largest supplier of non-mineral or non-aerated waters to Portugal.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +8.4%.

Import Prices by Country

The average non-mineral or non-aerated water import price stood at $X per litre in 2021, with an increase of 12% against the previous year. Overall, the import price showed a modest increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 65%. The import price peaked at $X per litre in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +6.0% per year.

Source: IndexBox Platform

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