Soft Drink Market - U.S. Imports of Soft Drinks Remain On The Rise

Soft Drinks and Mineral Waters May 24, 2016
Author: Inna Ivonina
Account Manager

soft drink market

The U.S. dominates in global imports of soft drinks, accounting for a 16% share (based on USD). The UK (8%), Germany (8%), and Canada (6%) followed. In 2015, U.S. soft drink imports totalled 2.87 billion USD, which was 359 million USD (14%) higher than the year before.

From 2007 to 2015, the U.S. soft drink imports followed a steady upwards trajectory. There was an annual growth of +6.2% throughout the analysed period. In 2015, U.S. imports on the soft drink market reached the pre-recession level of 2007.

Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.

Switzerland and Austria were the main suppliers of soft drinks into the U.S., with a combined share of 56% of total U.S. imports in 2015. Moreover, Switzerland (+28.4% per year) was the fastest growing supplier from 2007 to 2015. Switzerland significantly strengthened its position in the U.S. import structure, from 7% in 2007 to 34% in 2015. Meanwhile, Austria's share reduced to 22%.

The U.S. was a net importer of soft drinks from 2007 to 2015. However, the average growth rate of exports was larger than that of imports over the period under review.

Before 2010, net imports of soft drinks in the U.S. showed a downward trend. However, starting in 2010, the trade deficit began showing a stable and quite dynamic growth. This industry ran a trade deficit of 1.51 billion USD in 2015, which was approximately 53% of gross imports.

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Source: U.S. Soft Drink Market. Analysis And Forecast to 2020