Spain: Bottled Water Market 2024

Bottled Water Market Size in Spain

The Spanish bottled water market fell to $X in 2022, dropping by -9.7% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Bottled Water Production in Spain

In value terms, bottled water production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Bottled Water Exports

Exports from Spain

In 2022, the amount of bottled waters exported from Spain rose markedly to X tons, surging by 14% compared with the year before. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, bottled water exports expanded markedly to $X in 2022. Overall, exports posted a strong increase. The growth pace was the most rapid in 2017 with an increase of 89%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Portugal (X tons), France (X tons) and Morocco (X tons) were the main destinations of bottled water exports from Spain, together comprising 46% of total exports. Andorra, Gibraltar, Poland, the UK, Germany and Equatorial Guinea lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +121.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for bottled waters exports from Spain, comprising 44% of total exports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total exports. It was followed by Morocco, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +51.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+17.3% per year) and Morocco (+74.2% per year).

Export Prices by Country

The average bottled water export price stood at $X per ton in 2022, declining by -6.7% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price 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, bottled water export price increased by +1.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 71% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Gibraltar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Spain

In 2022, supplies from abroad of bottled waters increased by 23% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 34%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bottled water imports skyrocketed to $X in 2022. In general, imports saw a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 91% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of bottled water imports to Spain, together comprising 82% of total imports. Portugal, Denmark, the Netherlands and the UK lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +51.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) were the largest bottled water suppliers to Spain, with a combined 77% share of total imports. These countries were followed by Portugal, the Netherlands, Denmark and the UK, which together accounted for a further 11%.

Among the main suppliers, Denmark, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bottled water import price amounted to $X per ton, reducing by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2017 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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