Spain: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Spain

The Spanish mineral or aerated water market reduced to $X in 2022, with a decrease of -8.4% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Mineral or Aerated Waters in Spain

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 +1.6% 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 2021 with an increase of 24% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Mineral or Aerated Waters

Exports from Spain

For the third year in a row, Spain recorded growth in shipments abroad of mineral or aerated waters, which increased by 9.3% to X tons in 2022. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 55% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, mineral or aerated water exports expanded to $X in 2022. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 121% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Portugal (X tons), France (X tons) and Morocco (X tons) were the main destinations of mineral or aerated water exports from Spain, with a combined 50% share of total exports. These countries were followed by Andorra, Gibraltar, Poland, the UK, Germany, the United States and Equatorial Guinea, which together accounted for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +129.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for mineral or aerated waters exports from Spain, comprising 47% of total exports. The second position in the ranking was held by Portugal ($X), with a 12% share of total exports. It was followed by Andorra, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+16.2% per year) and Andorra (+2.4% per year).

Export Prices by Country

The average mineral or aerated water export price stood at $X per ton in 2022, shrinking by -5.9% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mineral or aerated water export price decreased by -27.2% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 62% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a 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 (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Spain

In 2022, mineral or aerated water imports into Spain surged to X tons, increasing by 19% against the previous year's figure. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 30% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mineral or aerated water imports skyrocketed to $X in 2022. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 94%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Italy (X tons) and Portugal (X tons) were the main suppliers of mineral or aerated water imports to Spain, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) were the largest mineral or aerated water suppliers to Spain, with a combined 86% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +24.4%, saw the highest growth rate of 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

The average mineral or aerated water import price stood at $X per ton in 2022, with a decrease of -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Portugal ($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 (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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