Thailand: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Thailand

For the fourth year in a row, the Thai mineral or aerated water market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Mineral or Aerated Waters in Thailand

In value terms, mineral or aerated water production reduced to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports from Thailand

In 2022, overseas shipments of mineral or aerated waters increased by X% to X litres, rising for the fourth consecutive year after three years of decline. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 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.

In value terms, mineral or aerated water exports surged to $X in 2022. Overall, exports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia (X litres) was the main destination for mineral or aerated water exports from Thailand, with a X% share of total exports. Moreover, mineral or aerated water exports to Cambodia exceeded the volume sent to the second major destination, Myanmar (X litres), twofold. The third position in this ranking was taken by Lao People's Democratic Republic (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for mineral or aerated waters exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with an X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per litre, shrinking by X% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per litre in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per litre), while the average price for exports to Myanmar ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Mineral or Aerated Waters

Imports into Thailand

In 2022, purchases abroad of mineral or aerated waters was finally on the rise to reach X litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted modest growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X litres. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, mineral or aerated water imports skyrocketed to $X in 2022. Over the period under review, total imports indicated moderate growth 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. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

France (X litres), Italy (X litres) and Iceland (X litres) were the main suppliers of mineral or aerated water imports to Thailand, together accounting for X% of total imports.

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

In value terms, the largest mineral or aerated water suppliers to Thailand were France ($X), Italy ($X) and Fiji ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per litre, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per litre), while the price for Germany ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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