Thailand: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Thailand

The Thai non-mineral or non-aerated water market expanded slightly to $X in 2021, rising by 2.8% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Non-Mineral or Non-Aerated Waters in Thailand

In value terms, non-mineral or non-aerated water production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Thailand

In 2021, the amount of non-mineral or non-aerated waters exported from Thailand surged to X litres, increasing by 47% against 2020. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 183% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, non-mineral or non-aerated water exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X litres) was the main destination for non-mineral or non-aerated water exports from Thailand, with a 54% share of total exports. Moreover, non-mineral or non-aerated water exports to Cambodia exceeded the volume sent to the second major destination, China (X litres), twofold. Lao People's Democratic Republic (X litres) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+114.6% per year) and Lao People's Democratic Republic (+26.0% per year).

In value terms, the largest markets for non-mineral or non-aerated water exported from Thailand were China ($X), Cambodia ($X) and Hong Kong SAR ($X), with a combined 85% share of total exports.

Among the main countries of destination, China, with a CAGR of +117.7%, saw the highest growth rate of 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 2021, the average non-mineral or non-aerated water export price amounted to $X per litre, increasing by 13% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 109%. Over the period under review, the average export prices attained the maximum at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per litre), while the average price for exports to Lao People's Democratic Republic ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Thailand

Non-mineral or non-aerated water imports into Thailand dropped modestly to X litres in 2021, shrinking by -3.1% on the previous year's figure. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 88% against the previous year. As a result, imports attained the peak of X litres. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, non-mineral or non-aerated water imports skyrocketed to $X in 2021. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by 56%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Norway (X litres) constituted the largest non-mineral or non-aerated water supplier to Thailand, with a 89% share of total imports. Moreover, non-mineral or non-aerated water imports from Norway exceeded the figures recorded by the second-largest supplier, Canada (X litres), more than tenfold. The third position in this ranking was held by Australia (X litres), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from Norway totaled -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+55.2% per year) and Australia (-18.5% per year).

In value terms, Norway ($X) constituted the largest supplier of non-mineral or non-aerated waters to Thailand, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 6.5% share of total imports. It was followed by Japan, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Norway amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+68.2% per year) and Japan (-13.9% per year).

Import Prices by Country

The average non-mineral or non-aerated water import price stood at $X per litre in 2021, growing by 22% against the previous year. Overall, the import price recorded a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of 190% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per litre), while the price for Australia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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