Vietnam: Bottled Water Market 2024

Bottled Water Market Size in Vietnam

In 2022, the Vietnamese bottled water market was finally on the rise to reach $X after four years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Bottled Water Production in Vietnam

In value terms, bottled water production fell slightly to $X in 2022 estimated in export price. In general, production, however, showed mild growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Bottled Water Exports

Exports from Vietnam

In 2023, approx. X litres of bottled waters were exported from Vietnam; jumping by X% against the year before. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X litres in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, bottled water exports reached $X in 2023. Overall, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

The UK (X litres), Angola (X litres) and South Korea (X litres) were the main destinations of bottled water exports from Vietnam, together comprising X% of total exports. Malaysia, Australia, Myanmar, Singapore, Cambodia, Panama, Russia, the United States and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bottled water exported from Vietnam were the UK ($X), South Korea ($X) and Myanmar ($X), together accounting for X% of total exports. Angola, Australia, Singapore, Cambodia, Panama, Russia, Malaysia, the United Arab Emirates and the United States lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, 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

The average bottled water export price stood at $X per litre in 2023, dropping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2018 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per litre), while the average price for exports to Malaysia (less than $X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Vietnam

In 2023, imports of bottled waters into Vietnam rose significantly to X litres, growing by X% against the year before. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X litres. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, bottled water imports fell slightly to $X in 2023. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Japan (X litres) constituted the largest bottled water supplier to Vietnam, with a X% share of total imports. Moreover, bottled water imports from Japan exceeded the figures recorded by the second-largest supplier, France (X litres), threefold. The third position in this ranking was held by South Korea (X litres), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and South Korea (X% per year).

In value terms, the largest bottled water suppliers to Vietnam were France ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports.

Among the main suppliers, Japan, with a CAGR of X%, saw 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

The average bottled water import price stood at $X per litre in 2023, reducing by X% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform