Spain: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Spain

In 2022, the Spanish sugary soft drink market increased by 210% to $X, rising for the second consecutive year after five years of decline. In general, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sugary Soft Drink Production in Spain

In value terms, sugary soft drink production surged to $X in 2022 estimated in export price. In general, production showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 123%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the near future.

Sugary Soft Drink Exports

Exports from Spain

In 2022, shipments abroad of sugary soft drinks increased by 10% to X litres, rising for the eighth year in a row after two years of decline. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 78% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sugary soft drink exports expanded notably to $X in 2022. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 79%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X litres) was the main destination for sugary soft drink exports from Spain, with a 41% share of total exports. Moreover, sugary soft drink exports to Portugal exceeded the volume sent to the second major destination, the UK (X litres), threefold. France (X litres) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+40.9% per year) and France (-5.2% per year).

In value terms, Portugal ($X), the UK ($X) and France ($X) appeared to be the largest markets for sugary soft drink exported from Spain worldwide, with a combined 48% share of total exports. Italy, the Netherlands, Belgium, Morocco, Sweden, Ghana, Andorra, Mali, Poland and Senegal lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Sweden, with a CAGR of +71.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, reducing by -2.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 35%. The export price peaked at $X per litre in 2014; however, from 2015 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 Italy ($X per litre), while the average price for exports to Portugal ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Spain

In 2022, sugary soft drink imports into Spain surged to X litres, rising by 37% against the previous year's figure. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +57.9% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum at X litres in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, sugary soft drink imports soared to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Portugal (X litres), Austria (X litres) and Germany (X litres) were the main suppliers of sugary soft drink imports to Spain, with a combined 74% share of total imports. The Netherlands, Romania, Denmark, France and the UK lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Portugal ($X) and Germany ($X) were the largest sugary soft drink suppliers to Spain, together accounting for 74% of total imports. The Netherlands, Denmark, France, Romania and the UK lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Denmark, with a CAGR of +25.9%, saw 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 sugary soft drink import price amounted to $X per litre, with a decrease of -10.7% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 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 Austria ($X per litre), while the price for Romania ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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