Asia-Pacific: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Asia-Pacific

The Asia-Pacific sugary soft drink market declined modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sugary Soft Drink Production in Asia-Pacific

In value terms, sugary soft drink production contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sugary Soft Drink Exports

Exports in Asia-Pacific

In 2022, approx. X litres of sugary soft drinks were exported in Asia-Pacific; increasing by X% against 2021 figures. In general, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugary soft drink exports soared to $X in 2022. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the major exporter of sugary soft drinks in Asia-Pacific, with the volume of exports accounting for X litres, which was near X% of total exports in 2022. Malaysia (X litres) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%), China (X%) and New Zealand (X%). The following exporters - Australia (X litres), Japan (X litres) and Vietnam (X litres) - each finished at a X% share of total exports.

Thailand was also the fastest-growing in terms of the sugary soft drinks exports, with a CAGR of X% from 2012 to 2022. At the same time, Australia (X%), Japan (X%), New Zealand (X%), South Korea (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while China and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) emerged as the largest sugary soft drink supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and New Zealand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per litre in 2022, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

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

Sugary Soft Drink Imports

Imports in Asia-Pacific

After ten years of growth, supplies from abroad of sugary soft drinks decreased by X% to X litres in 2022. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X litres in 2021, and then contracted in the following year.

In value terms, sugary soft drink imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The countries with the highest levels of sugary soft drink imports in 2022 were Vietnam (X litres), Cambodia (X litres), Singapore (X litres) and Australia (X litres), together reaching X% of total import. It was followed by Papua New Guinea (X litres) and China (X litres), together committing a X% share of total imports. The following importers - Indonesia (X litres), Myanmar (X litres), New Zealand (X litres), Hong Kong SAR (X litres), Malaysia (X litres), Macao SAR (X litres) and South Korea (X litres) - together made up X% of total imports.

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

In value terms, the largest sugary soft drink importing markets in Asia-Pacific were Australia ($X), Vietnam ($X) and Cambodia ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per litre in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per litre), while Singapore ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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