Argentina: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Argentina

The Argentinian sugary soft drink market stood at $X in 2022, stabilizing at the previous year. In general, consumption, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production in Argentina

In value terms, sugary soft drink production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Sugary soft drink production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Sugary Soft Drink Exports

Exports from Argentina

In 2022, after three years of growth, there was decline in shipments abroad of sugary soft drinks, when their volume decreased by X% to X litres. In general, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sugary soft drink exports surged to $X in 2022. Over the period under review, exports saw a deep downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X litres), Paraguay (X litres) and Chile (X litres) were the main destinations of sugary soft drink exports from Argentina, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Uruguay ($X), Paraguay ($X) and Chile ($X) were the largest markets for sugary soft drink exported from Argentina worldwide, together comprising X% of total exports.

Among the main countries of destination, Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sugary soft drink export price stood at $X per litre in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. Over the period under review, the average export prices reached the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per litre), while the average price for exports to Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (X%), while the prices for the other major destinations experienced a decline.

Sugary Soft Drink Imports

Imports into Argentina

After three years of decline, purchases abroad of sugary soft drinks increased by X% to X litres in 2022. In general, imports, however, continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugary soft drink imports surged to $X in 2022. Overall, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X litres) constituted the largest sugary soft drink supplier to Argentina, accounting for a X% share of total imports. Moreover, sugary soft drink imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X litres), twofold. The third position in this ranking was held by the UK (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the UK (X% per year).

In value terms, China ($X), the UK ($X) and Taiwan (Chinese) ($X) were the largest sugary soft drink suppliers to Argentina, with a combined X% share of total imports. South Korea, Peru, Italy and Thailand lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, declining by X% against the previous year. Overall, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per litre, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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