IndexBox has just published a new report: ‘U.S. – Bottled Waters – Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report’s key findings.
From January to October 2021, American bottled water imports soared by 33% compared to the same period last year, reaching 1B tonnes. The purchases gained 8% to $672M in value terms and are expected to peak at $800M by the end of this year, setting a new record. Italy, Fiji and France are the major suppliers, accounting for 72% of the total imports.
U.S. Bottled Water Imports
From January to October 2021, the U.S. imported 1B tonnes of bottled water worth $672M. Compared to the same period of the last year, purchases increased by 33% in physical terms and by 8% in value terms.
In 2020, bottled water imports fell to 1.1M tonnes, with a decrease of -11.5% compared with the year before. In value terms, bottled water imports declined slightly to $763M (IndexBox estimates) last year.
Italy (336K tonnes), Fiji (248K tonnes), and France (239K tonnes) were the leading suppliers of bottled water imports to the U.S., with a combined 72% share of total imports. Mexico, Canada and Iceland lagged somewhat behind, comprising a further 21%.
In value terms, the largest bottled water suppliers to the U.S. were Italy ($277M), France ($167M) and Fiji ($118M), together comprising 74% of total imports. These countries were followed by Mexico, Iceland and Canada, which accounted for a further 17%.
The average bottled water import price stood at $666 per tonne in 2020, surging by 10% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($824 per tonne), while the price for Canada ($203 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other significant suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Credit: Source link
