Vietnam: Bottled Water Market 2024

Bottled Water Market Size in Vietnam

The Vietnamese bottled water market declined modestly to $X in 2022, falling by -4.8% against the previous year. Over the period under review, consumption, however, recorded perceptible growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Bottled Water Production in Vietnam

In value terms, bottled water production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. Bottled water production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Bottled Water Exports

Exports from Vietnam

In 2022, shipments abroad of bottled waters decreased by -25.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 370%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, bottled water exports shrank dramatically to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 166%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons), South Korea (X tons) and Angola (X tons) were the main destinations of bottled water exports from Vietnam, together accounting for 68% of total exports. Myanmar, Malaysia, Lao People's Democratic Republic, Thailand, Panama, Cambodia, the United Arab Emirates and Hong Kong SAR lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +48.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), South Korea ($X) and Myanmar ($X) appeared to be the largest markets for bottled water exported from Vietnam worldwide, with a combined 69% share of total exports. These countries were followed by Angola, Thailand, the United Arab Emirates, Cambodia, Lao People's Democratic Republic, Malaysia, Panama and Hong Kong SAR, which together accounted for a further 21%.

Lao People's Democratic Republic, with a CAGR of +32.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 bottled water export price amounted to $X per ton, rising by 10% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 142%. 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 somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Vietnam

In 2022, the amount of bottled waters imported into Vietnam contracted sharply to X tons, dropping by -15.6% compared with 2021 figures. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 61%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, bottled water imports totaled $X in 2022. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 54% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Japan (X tons), France (X tons) and South Korea (X tons) were the main suppliers of bottled water imports to Vietnam, together accounting for 48% of total imports. Italy and China lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +207.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), France ($X) and South Korea ($X) were the largest bottled water suppliers to Vietnam, with a combined 79% share of total imports. These countries were followed by Italy and China, which together accounted for a further 14%.

In terms of the main suppliers, China, with a CAGR of +134.1%, recorded 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

In 2022, the average bottled water import price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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