Asia-Pacific: Soft Drink Market 2024

Soft Drink Market Size in Asia-Pacific

The Asia-Pacific soft drink market reduced modestly to $X in 2022, standing approx. at the previous year. The market 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 level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Soft Drink Production in Asia-Pacific

In value terms, soft drink production fell slightly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Soft Drink Exports

Exports in Asia-Pacific

In 2022, shipments abroad of soft drinks decreased by X% to X litres, falling for the second year in a row after two years of growth. Total exports indicated noticeable 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, soft drink exports fell to $X in 2022. Total exports indicated strong 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. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Thailand (X litres), distantly followed by South Korea (X litres), Malaysia (X litres), China (X litres), Lao People's Democratic Republic (X litres), Taiwan (Chinese) (X litres) and Japan (X litres) represented the major exporters of soft drinks, together achieving X% of total exports. New Zealand (X litres), Vietnam (X litres), Singapore (X litres), Hong Kong SAR (X litres), Bangladesh (X litres) and Nepal (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. China, Malaysia, Taiwan (Chinese), New Zealand, Lao People's Democratic Republic, Vietnam, Hong Kong SAR, Singapore, Nepal and Bangladesh lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Asia-Pacific amounted to $X per litre, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 ($X per litre), while Bangladesh ($X per litre) was amongst the lowest.

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

Soft Drink Imports

Imports in Asia-Pacific

In 2022, purchases abroad of soft drinks increased by X% to X litres, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, soft drink imports expanded modestly to $X in 2022. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Cambodia (X litres), followed by China (X litres), Singapore (X litres), Hong Kong SAR (X litres), India (X litres), Australia (X litres) and the Philippines (X litres) were the key importers of soft drinks, together creating X% of total imports. The following importers - Vietnam (X litres), Japan (X litres), Lao People's Democratic Republic (X litres), New Zealand (X litres), South Korea (X litres) and Indonesia (X litres) - together made up X% of total imports.

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

In value terms, China ($X), Cambodia ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Hong Kong SAR, Singapore, Vietnam, India, Japan, the Philippines, New Zealand, South Korea, Lao People's Democratic Republic and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded 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

In 2022, the import price in Asia-Pacific amounted to $X per litre, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :