Venezuela: Bottled Water Market 2024

Bottled Water Market Size in Venezuela

The Venezuelan bottled water market dropped to $X in 2022, with a decrease of -2.9% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Bottled water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Bottled Water Production in Venezuela

In value terms, bottled water production reduced modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Bottled water production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Bottled Water Exports

Exports from Venezuela

Bottled water exports from Venezuela declined modestly to X tons in 2022, remaining stable against the previous year. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 174% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, bottled water exports expanded significantly to $X in 2022. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 104% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for bottled water exports from Venezuela, accounting for a 109% share of total exports. Moreover, bottled water exports to Ireland exceeded the volume sent to the second major destination, France (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+16.2% per year) and Aruba (-30.3% per year).

In value terms, Ireland ($X) emerged as the key foreign market for bottled waters exports from Venezuela, comprising 228% of total exports. The second position in the ranking was taken by France ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ireland totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.3% per year) and Aruba (-22.5% per year).

Export Prices by Country

In 2022, the average bottled water export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 when the average export price increased by 72% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to France ($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 Aruba (+11.3%), while the prices for the other major destinations experienced a decline.

Bottled Water Imports

Imports into Venezuela

In 2022, approx. X tons of bottled waters were imported into Venezuela; jumping by 43% on the previous year. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 253% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bottled water imports shrank remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2020 when imports increased by 210%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of bottled water imports to Venezuela, together comprising 35% of total imports. These countries were followed by Brazil, the Netherlands, Lebanon, France and Portugal, which together accounted for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constituted the largest supplier of bottled waters to Venezuela, comprising 69% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.2% per year) and the United States (-3.2% per year).

Import Prices by Country

The average bottled water import price stood at $X per ton in 2022, dropping by -53.3% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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