Northern America: Soft Drink Market 2024

Soft Drink Market Size in Northern America

The North American soft drink market dropped modestly to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Soft Drink Production in Northern America

In value terms, soft drink production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Soft Drink Exports

Exports in Northern America

In 2022, shipments abroad of soft drinks decreased by X% to X litres for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X litres. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, soft drink exports stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 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 continue growth in the immediate term.

Exports by Country

The United States was the largest exporting country with an export of around X litres, which finished at X% of total exports. It was distantly followed by Canada (X litres), mixing up a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of soft drinks. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest soft drink supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, soft drink exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per litre, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while Canada stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Soft Drink Imports

Imports in Northern America

In 2022, purchases abroad of soft drinks decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked at X litres in 2021, and then dropped significantly in the following year.

In value terms, soft drink imports shrank notably to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

The United States was the largest importing country with an import of about X litres, which recorded X% of total imports. It was distantly followed by Canada (X litres), constituting a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of soft drinks. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2022.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per litre, approximately mirroring the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2020 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per litre), while the United States totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :