U.S.: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in the U.S.

The U.S. sugary soft drink market declined slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Sugary soft drink consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in the U.S.

In value terms, sugary soft drink production dropped slightly to $X in 2022. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Sugary soft drink production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Sugary Soft Drink Exports

Exports from the U.S.

In 2022, shipments abroad of sugary soft drinks increased by X% to X litres, rising for the third consecutive year after four years of decline. In general, exports, however, recorded a mild decrease. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X litres in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sugary soft drink exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Canada (X litres) was the main destination for sugary soft drink exports from the United States, with a X% share of total exports. Moreover, sugary soft drink exports to Canada exceeded the volume sent to the second major destination, Mexico (X litres), fivefold. Australia (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Australia (X% per year).

In value terms, Canada ($X) remains the key foreign market for sugary soft drinks exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Australia (X% per year).

Export Prices by Country

The average sugary soft drink export price 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 pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per litre), while the average price for exports to Bahamas ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into the U.S.

After three years of growth, purchases abroad of sugary soft drinks decreased by X% to X litres in 2022. Over the period under review, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X litres in 2021, and then dropped sharply in the following year.

In value terms, sugary soft drink imports fell rapidly to $X in 2022. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Mexico (X litres), Austria (X litres) and Switzerland (X litres) were the main suppliers of sugary soft drink imports to the United States, with a combined X% share of total imports. Canada, Italy, France and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Austria ($X), Switzerland ($X) and Mexico ($X) constituted the largest sugary soft drink suppliers to the United States, with a combined X% share of total imports. Canada, Italy, France and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest growth rate of 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

The average sugary soft drink import price stood at $X per litre in 2022, waning by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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