Eastern Asia: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Eastern Asia

The East Asian sugary soft drink market totaled $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in Eastern Asia

In value terms, sugary soft drink production totaled $X in 2022 estimated in export price. Overall, production, however, showed a slight contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Sugary Soft Drink Exports

Exports in Eastern Asia

In 2022, sugary soft drink exports in Eastern Asia was estimated at X litres, growing by X% compared with the previous year. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, sugary soft drink exports totaled $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

South Korea (X litres) and China (X litres) represented the largest exporters of sugary soft drinks in 2022, reaching near X% and X% of total exports, respectively. Japan (X litres) took the next position in the ranking, distantly followed by Hong Kong SAR (X litres) and Taiwan (Chinese) (X litres). All these countries together held approx. X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sugary soft drink supplying countries in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), together accounting for X% of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per litre, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per litre in 2021, and then dropped slightly 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 Japan ($X per litre), while China ($X per litre) was amongst the lowest.

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

Sugary Soft Drink Imports

Imports in Eastern Asia

In 2022, supplies from abroad of sugary soft drinks decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X litres in 2021, and then fell notably in the following year.

In value terms, sugary soft drink imports contracted rapidly to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

China represented the major importer of sugary soft drinks in Eastern Asia, with the volume of imports accounting for X litres, which was near X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X litres), Macao SAR (X litres), South Korea (X litres), Japan (X litres) and Taiwan (Chinese) (X litres), together comprising a X% share of total imports.

China was also the fastest-growing in terms of the sugary soft drinks imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), South Korea (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Macao SAR experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.), Hong Kong SAR (X p.p.), Macao SAR (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported sugary soft drinks in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per litre in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per litre), while Hong Kong SAR ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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