Global Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size

The global sugary soft drink market declined slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production

In value terms, sugary soft drink production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sugary Soft Drink Exports

Exports

In 2022, approx. X litres of sugary soft drinks were exported worldwide; picking up by 3.7% on the previous year's figure. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.2% against 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, sugary soft drink exports rose to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.8% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 15%. The global exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Austria (X litres), the Netherlands (X litres), Germany (X litres), Poland (X litres) and France (X litres) represented roughly 43% of total exports in 2022. The United States (X litres), the UK (X litres), Mexico (X litres), Turkey (X litres), Hungary (X litres), Belgium (X litres), the Czech Republic (X litres) and Russia (X litres) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +23.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the largest sugary soft drink supplier worldwide, comprising 24% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of global exports. It was followed by Germany, with a 7% share.

In Austria, sugary soft drink exports increased at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+10.1% per year) and Germany (+2.6% per year).

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, stabilizing at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 8.4%. As a result, the export price attained the peak level of $X per litre. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per litre), while the Czech Republic ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%), while the other global leaders experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports

For the eleventh consecutive year, the global market recorded growth in overseas purchases of sugary soft drinks, which increased by 0.5% to X litres in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +69.5% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sugary soft drink imports dropped modestly to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +71.0% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The purchases of the six major importers of sugary soft drinks, namely Germany, the UK, the Netherlands, the United States, France and Belgium, represented more than third of total import. Ireland (X litres), Canada (X litres), Austria (X litres), Hungary (X litres), Kazakhstan (X litres), Slovakia (X litres) and Sweden (X litres) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kazakhstan (with a CAGR of +31.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the UK ($X) were the countries with the highest levels of imports in 2022, with a combined 25% share of global imports. France, the Netherlands, Belgium, Austria, Canada, Ireland, Sweden, Kazakhstan, Slovakia and Hungary lagged somewhat behind, together comprising a further 30%.

Kazakhstan, with a CAGR of +25.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, dropping by -2.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 3.7%. Over the period under review, average import prices attained the maximum at $X per litre in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per litre), while Hungary ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :