Scandinavia: Bottled Water Market 2024

Bottled Water Market Size in Scandinavia

The Scandinavia bottled water market totaled $X in 2022, picking up by 13% against the previous year. Over the period under review, consumption posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Bottled Water Production in Scandinavia

In value terms, bottled water production expanded to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 53%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Bottled Water Exports

Exports in Scandinavia

In 2022, the amount of bottled waters exported in Scandinavia reduced modestly to X tons, declining by -3.8% on the year before. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bottled water exports fell significantly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Norway represented the main exporter of bottled waters in Scandinavia, with the volume of exports reaching X tons, which was approx. 84% of total exports in 2022. It was distantly followed by Sweden (X tons), committing a 13% share of total exports. Finland (X tons) followed a long way behind the leaders.

Norway was also the fastest-growing in terms of the bottled waters exports, with a CAGR of +2.7% from 2012 to 2022. Sweden experienced a relatively flat trend pattern. Finland (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by +4.2 percentage points.

In value terms, Norway ($X) remains the largest bottled water supplier in Scandinavia, comprising 88% of total exports. The second position in the ranking was held by Sweden ($X), with an 8.4% share of total exports.

In Norway, bottled water exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-2.4% per year) and Finland (+4.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, dropping by -18.2% against the previous year. Overall, the export price showed a noticeable contraction. The pace of growth was the most pronounced in 2020 an increase of 48%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+7.3%), while the other leaders experienced a decline in the export price figures.

Bottled Water Imports

Imports in Scandinavia

In 2022, purchases abroad of bottled waters was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a mild slump. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, bottled water imports soared to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden represented the major importing country with an import of about X tons, which reached 73% of total imports. Finland (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Norway (13%).

From 2012 to 2022, average annual rates of growth with regard to bottled water imports into Sweden stood at -1.5%. At the same time, Norway (+4.9%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +4.9% from 2012-2022. By contrast, Finland (-5.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by +6.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported bottled waters in Scandinavia, comprising 63% of total imports. The second position in the ranking was held by Norway ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at +2.9%. In the other countries, the average annual rates were as follows: Norway (+11.5% per year) and Finland (-5.7% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, shrinking by -3.8% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +32.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 47%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform