South-Eastern Asia: Bottled Water Market 2024

Bottled Water Market Size in South-Eastern Asia

The Southeast Asian bottled water market declined to $X in 2022, reducing by -3.9% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.4% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Bottled Water Production in South-Eastern Asia

In value terms, bottled water production fell to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Bottled Water Exports

Exports in South-Eastern Asia

In 2022, exports of bottled waters in South-Eastern Asia surged to X litres, rising by 19% compared with the previous year's figure. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 62% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, bottled water exports soared to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.3% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Thailand (X litres) was the main exporter of bottled waters, comprising 53% of total exports. Indonesia (X litres) held the second position in the ranking, distantly followed by Malaysia (X litres). All these countries together held approx. 46% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +27.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest bottled water supplier in South-Eastern Asia, comprising 53% of total exports. The second position in the ranking was held by Malaysia ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at +15.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-3.1% per year) and Indonesia (+13.2% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per litre, approximately mirroring the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 44%. As a result, the export price attained the peak level of $X per litre. From 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.7%), while the other leaders experienced a decline in the export price figures.

Bottled Water Imports

Imports in South-Eastern Asia

Bottled water imports stood at X litres in 2022, picking up by 3.8% compared with the year before. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.5% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 32% against the previous year. The volume of import peaked at X litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, bottled water imports skyrocketed to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 28%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Singapore represented the main importer of bottled waters in South-Eastern Asia, with the volume of imports recording X litres, which was approx. 61% of total imports in 2022. The Philippines (X litres) ranks second in terms of the total imports with a 13% share, followed by Timor-Leste (12%). The following importers - Cambodia (X litres), Vietnam (X litres), Lao People's Democratic Republic (X litres) and Thailand (X litres) - together made up 11% of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of bottled waters. At the same time, the Philippines (+43.7%), Vietnam (+26.5%), Lao People's Democratic Republic (+24.1%), Timor-Leste (+16.9%) and Cambodia (+2.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +43.7% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of the Philippines, Timor-Leste, Vietnam and Lao People's Democratic Republic increased by +12, +8.4, +2.4 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported bottled waters in South-Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total imports. It was followed by Thailand, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to +4.3%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+32.9% per year) and Thailand (+1.4% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per litre in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import 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 importers, the country with the highest price was Thailand ($X per litre), while Timor-Leste ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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