Non-Mineral or Non-Aerated Water Market

The non-mineral or non-aerated water market is expected to continue an upward consumption trend over the next eight years, with a forecasted CAGR of +1.1% in volume and +3.3% in value from 2022 to 2030. China leads in both consumption and production, with notable growth rates. Import and export volumes are significant, with key importers being Poland and the Netherlands, and the Czech Republic dominating exports. Price fluctuations are observed globally, with China having the highest export price and Slovenia the lowest.

Market Forecast

Driven by increasing demand for non-mineral or non-aerated waters worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1,129B litres by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $108.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Mineral or Non-Aerated Waters

Global non-mineral or non-aerated water consumption totaled 1,038B litres in 2022, stabilizing at the previous year. Over the period under review, consumption continues to indicate significant growth. Over the period under review, global consumption hit record highs in 2022 and is likely to continue growth in the near future.

The global non-mineral or non-aerated water market value declined slightly to $83.4B in 2022, shrinking by -4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $86.9B in 2021, and then contracted slightly in the following year.

Consumption By Country

The country with the largest volume of non-mineral or non-aerated water consumption was China (921B litres), accounting for 89% of total volume.

In China, non-mineral or non-aerated water consumption expanded at an average annual rate of +52.9% over the period from 2012-2022.

In value terms, China ($29.8B) led the market, alone.

In China, the non-mineral or non-aerated water market increased at an average annual rate of +52.6% over the period from 2012-2022.

In China, non-mineral or non-aerated water per capita consumption expanded at an average annual rate of +52.2% over the period from 2012-2022.

Production

World Production of Non-Mineral or Non-Aerated Waters

In 2022, approx. 1,035B litres of non-mineral or non-aerated waters were produced worldwide; flattening at 2021. In general, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 634% against the previous year. Over the period under review, global production reached the maximum volume in 2022 and is likely to see gradual growth in the immediate term.

In value terms, non-mineral or non-aerated water production shrank to $80.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +5.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 45%. Over the period under review, global production reached the peak level at $96.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of non-mineral or non-aerated water production was China (922B litres), comprising approx. 89% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +52.9%.

Imports

World Imports of Non-Mineral or Non-Aerated Waters

Global non-mineral or non-aerated water imports rose notably to 21B litres in 2022, with an increase of 8.9% compared with 2021 figures. In general, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, global imports attained the peak figure at 27B litres in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-mineral or non-aerated water imports expanded remarkably to $1.4B in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

Poland (7.4B litres) and the Netherlands (6.9B litres) were the key importers of non-mineral or non-aerated waters in 2022, accounting for near 36% and 33% of total imports, respectively. France (1.5B litres) took the next position in the ranking, followed by Hong Kong SAR (1.1B litres). All these countries together took approx. 13% share of total imports. The following importers - Belgium (704M litres), Slovenia (649M litres) and the United States (638M litres) - each resulted at a 9.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +15.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($632M) constitutes the largest market for imported non-mineral or non-aerated waters worldwide, comprising 46% of global imports. The second position in the ranking was held by the United States ($234M), with a 17% share of global imports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR amounted to +3.3%. In the other countries, the average annual rates were as follows: the United States (+5.4% per year) and the Netherlands (+6.3% per year).

Import Prices By Country

In 2022, the average non-mineral or non-aerated water import price amounted to $67 per thousand litres, approximately mirroring the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-mineral or non-aerated water import price increased by +33.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. Global import price peaked at $73 per thousand litres in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($584 per thousand litres), while Poland ($0.6 per thousand litres) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+29.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Mineral or Non-Aerated Waters

Global non-mineral or non-aerated water exports surged to 18B litres in 2022, rising by 15% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the global exports attained the peak figure at 21B litres in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-mineral or non-aerated water exports stood at $1.2B in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 8.9%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports By Country

The Czech Republic represented the main exporter of non-mineral or non-aerated waters in the world, with the volume of exports finishing at 7.4B litres, which was approx. 41% of total exports in 2022. It was distantly followed by Germany (3.5B litres), Slovenia (1.5B litres), France (1.5B litres), the United States (1B litres) and China (0.9B litres), together mixing up a 46% share of total exports. Croatia (742M litres) followed a long way behind the leaders.

The Czech Republic experienced a relatively flat trend pattern with regard to volume of exports of non-mineral or non-aerated waters. At the same time, China (+102.4%) and the United States (+23.0%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +102.4% from 2012-2022. France and Germany experienced a relatively flat trend pattern. By contrast, Slovenia (-3.4%) and Croatia (-7.2%) illustrated a downward trend over the same period. While the share of China (+5 p.p.) and the United States (+4.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Slovenia (-2.9 p.p.) and Croatia (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($673M) remains the largest non-mineral or non-aerated water supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by France ($102M), with an 8.3% share of global exports. It was followed by the United States, with a 7.2% share.

In China, non-mineral or non-aerated water exports expanded at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+2.0% per year) and the United States (+11.0% per year).

Export Prices By Country

The average non-mineral or non-aerated water export price stood at $68 per thousand litres in 2022, reducing by -11.5% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 21%. The global export price peaked at $77 per thousand litres in 2021, and then reduced in the following year.

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 China ($744 per thousand litres), while Slovenia ($0.4 per thousand litres) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform