Latin America and the Caribbean: Bottled Water Market 2024

Bottled Water Market Size in Latin America and the Caribbean

The Latin American bottled water market rose significantly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Bottled Water Production in Latin America and the Caribbean

In value terms, bottled water production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2023 and is expected to retain growth in years to come.

Bottled Water Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of bottled waters increased by X% to X litres for the first time since 2020, thus ending a two-year declining trend. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, bottled water exports soared to $X in 2023. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates exports structure, amounting to X litres, which was approx. X% of total exports in 2023. Guatemala (X litres) ranks second in terms of the total exports with a X% share, followed by Trinidad and Tobago (X%) and Brazil (X%). The following exporters - El Salvador (X litres), Peru (X litres) and Argentina (X litres) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, El Salvador (X%), Brazil (X%), Argentina (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Trinidad and Tobago (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mexico, Brazil and El Salvador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest bottled water supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per litre in 2023, rising by X% against the previous year. Export price indicated prominent growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, bottled water export price increased by X% against 2014 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per litre), while El Salvador ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Bottled Water Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of bottled waters, which increased by X% to X litres in 2023. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, bottled water imports surged to $X in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Imports by Country

Mexico was the largest importing country with an import of about X litres, which accounted for X% of total imports. It was distantly followed by Panama (X litres), El Salvador (X litres) and Honduras (X litres), together mixing up a X% share of total imports. Cayman Islands (X litres), Costa Rica (X litres), Guatemala (X litres), Turks and Caicos Islands (X litres), the Dominican Republic (X litres), Nicaragua (X litres), Barbados (X litres), Saint Maarten (Dutch part) (X litres) and Colombia (X litres) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to bottled water imports into Mexico stood at X%. At the same time, Panama (X%), Costa Rica (X%), Guatemala (X%), Colombia (X%), Honduras (X%), the Dominican Republic (X%), Nicaragua (X%), El Salvador (X%), Cayman Islands (X%), Turks and Caicos Islands (X%), Barbados (X%) and Saint Maarten (Dutch part) (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Panama (X p.p.), Mexico (X p.p.), Costa Rica (X p.p.), Honduras (X p.p.), Guatemala (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Barbados and Saint Maarten (Dutch part) saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported bottled waters in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Panama ($X), with an X% share of total imports. It was followed by El Salvador, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Panama (X% per year) and El Salvador (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per litre, which is down by X% against the previous year. Overall, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per litre in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Dominican Republic ($X per litre), while El Salvador ($X per litre) was amongst the lowest.

From 2012 to 2023, 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