Latin America and the Caribbean: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Latin America and the Caribbean

The Latin American non-mineral or non-aerated water market soared to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Non-Mineral or Non-Aerated Waters in Latin America and the Caribbean

In value terms, non-mineral or non-aerated water production expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Exports of Non-Mineral or Non-Aerated Waters

Exports in Latin America and the Caribbean

In 2022, shipments abroad of non-mineral or non-aerated waters increased by X% to X litres, rising for the second year in a row after three years of decline. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-mineral or non-aerated water exports reduced modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

In 2022, Jamaica (X litres) was the main exporter of non-mineral or non-aerated waters, constituting X% of total exports. It was distantly followed by Trinidad and Tobago (X litres), Guatemala (X litres), Mexico (X litres) and El Salvador (X litres), together making up a X% share of total exports. The following exporters - Peru (X litres) and Nicaragua (X litres) - together made up X% of total exports.

Jamaica was also the fastest-growing in terms of the non-mineral or non-aerated waters exports, with a CAGR of X% from 2012 to 2022. At the same time, El Salvador (X%), Mexico (X%), Nicaragua (X%), Guatemala (X%) and Peru (X%) displayed positive paces of growth. By contrast, Trinidad and Tobago (X%) illustrated a downward trend over the same period. Jamaica (X p.p.), El Salvador (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Peru, Guatemala and Trinidad and Tobago saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-mineral or non-aerated water supplying countries in Latin America and the Caribbean were Trinidad and Tobago ($X), Guatemala ($X) and Mexico ($X), together comprising X% of total exports. Jamaica, Peru, El Salvador and Nicaragua lagged somewhat behind, together accounting for a further X%.

El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 Latin America and the Caribbean amounted to $X per litre, dropping by X% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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 Guatemala ($X per litre), while Jamaica (less than $X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Mineral or Non-Aerated Waters

Imports in Latin America and the Caribbean

Non-mineral or non-aerated water imports rose markedly to X litres in 2022, picking up by X% compared with the year before. Total imports indicated resilient growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X litres in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, non-mineral or non-aerated water imports surged to $X in 2022. Total imports indicated a strong 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. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Mexico was the major importer of non-mineral or non-aerated waters in Latin America and the Caribbean, with the volume of imports reaching X litres, which was approx. X% of total imports in 2022. Bahamas (X litres) took the second position in the ranking, followed by El Salvador (X litres), Cayman Islands (X litres), Nicaragua (X litres) and Barbados (X litres). All these countries together took near X% share of total imports. The following importers - Honduras (X litres), Guyana (X litres), Saint Maarten (Dutch part) (X litres), Panama (X litres) and Curacao (X litres) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-mineral or non-aerated water imports into Mexico stood at X%. At the same time, Honduras (X%), Panama (X%), Curacao (X%), Guyana (X%), Bahamas (X%), Nicaragua (X%), Cayman Islands (X%), Barbados (X%), El Salvador (X%) and Saint Maarten (Dutch part) (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mexico, Honduras, Panama and Bahamas increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported non-mineral or non-aerated waters in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Bahamas ($X), with a X% share of total imports. It was followed by Barbados, with a X% share.

In Mexico, non-mineral or non-aerated water imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahamas (X% per year) and Barbados (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per litre in 2022, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per litre in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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