South-Eastern Asia: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in South-Eastern Asia

The Southeast Asian mineral or aerated water market dropped slightly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Mineral or Aerated Waters in South-Eastern Asia

In value terms, mineral or aerated water production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports in South-Eastern Asia

In 2022, overseas shipments of mineral or aerated waters decreased by -6.1% to X litres for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 83% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2021, and then declined in the following year.

In value terms, mineral or aerated water exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Indonesia (X litres) represented the key exporter of mineral or aerated waters, mixing up 67% of total exports. It was distantly followed by Thailand (X litres) and Malaysia (X litres), together generating a 32% share of total exports.

Indonesia was also the fastest-growing in terms of the mineral or aerated waters exports, with a CAGR of +18.1% from 2012 to 2022. At the same time, Thailand (+10.3%) displayed positive paces of growth. By contrast, Malaysia (-14.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Thailand increased by +54 and +11 percentage points, respectively.

In value terms, Indonesia ($X) remains the largest mineral or aerated water supplier in South-Eastern Asia, comprising 57% of total exports. The second position in the ranking was held by Thailand ($X), with a 19% share of total exports.

In Indonesia, mineral or aerated water exports expanded at an average annual rate of +13.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-3.5% per year) and Malaysia (-10.1% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per litre, surging by 25% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 43%. As a result, the export price reached the peak level of $X per litre. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 (+5.6%), while the other leaders experienced a decline in the export price figures.

Imports of Mineral or Aerated Waters

Imports in South-Eastern Asia

In 2022, mineral or aerated water imports in South-Eastern Asia dropped to X litres, waning by -4.3% against 2021. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. Over the period under review, imports hit record highs at X litres in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, mineral or aerated water imports rose markedly to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +34.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X litres), Timor-Leste (X litres) and Singapore (X litres) represented the largest importer of mineral or aerated waters in South-Eastern Asia, constituting 81% of total import. It was distantly followed by Thailand (X litres) and Cambodia (X litres), together mixing up a 10% share of total imports. Vietnam (X litres) and Malaysia (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported mineral or aerated waters in South-Eastern Asia, comprising 36% of total imports. The second position in the ranking was held by the Philippines ($X), with a 16% share of total imports. It was followed by Thailand, with a 15% share.

In Singapore, mineral or aerated water imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+35.4% per year) and Thailand (+2.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per litre, growing by 15% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 23% against the previous year. The level of import peaked at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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