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

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

The Singaporean non-mineral or non-aerated water market rose slightly to $X in 2021, surging by 2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Singapore

Non-mineral or non-aerated water exports from Singapore fell to X litres in 2021, which is down by -12.2% compared with the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 80% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-mineral or non-aerated water exports declined to $X in 2021. Overall, exports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2014 when exports increased by 66% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X litres) was the main destination for non-mineral or non-aerated water exports from Singapore, accounting for a 65% share of total exports. Moreover, non-mineral or non-aerated water exports to Malaysia exceeded the volume sent to the second major destination, Papua New Guinea (X litres), fourfold. The third position in this ranking was held by Guam (X litres), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+27.2% per year) and Guam (+14.2% per year).

In value terms, Malaysia ($X) remains the key foreign market for non-mineral or non-aerated waters exports from Singapore, comprising 47% of total exports. The second position in the ranking was held by China ($X), with a 3.6% share of total exports. It was followed by Taiwan (Chinese), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +46.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+74.9% per year) and Taiwan (Chinese) (+29.4% per year).

Export Prices by Country

The average non-mineral or non-aerated water export price stood at $X per litre in 2021, with a decrease of -1.8% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-mineral or non-aerated water export price decreased by -12.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per litre), while the average price for exports to Papua New Guinea ($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 Myanmar (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Singapore

In 2021, purchases abroad of non-mineral or non-aerated waters decreased by -3% to X litres, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 19% against the previous year. As a result, imports reached the peak of X litres. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, non-mineral or non-aerated water imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X litres) was the main supplier of non-mineral or non-aerated water to Singapore, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to +1.3%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia totaled +3.4%.

Import Prices by Country

In 2021, the average non-mineral or non-aerated water import price amounted to $X per litre, increasing by 9.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per litre. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +2.0% per year.

Source: IndexBox Platform

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