ASEAN: Soft Drink Market 2024

Soft Drink Market Size in ASEAN

The ASEAN soft drink market totaled $X in 2022, almost unchanged from the previous year. The market 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 level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Soft Drink Production in ASEAN

In value terms, soft drink production declined modestly to $X in 2022 estimated in export price. The total output 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 most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Soft Drink Exports

Exports in ASEAN

In 2022, overseas shipments of soft drinks decreased by X% to X litres, falling for the second year in a row after two years of growth. Overall, exports, however, showed a notable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, soft drink exports shrank notably to $X in 2022. Total exports indicated a temperate increase 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. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X litres) represented the major exporter of soft drinks, constituting X% of total exports. Malaysia (X litres) held the second position in the ranking, followed by Lao People's Democratic Republic (X litres), Vietnam (X litres) and Singapore (X litres). All these countries together held near X% share of total exports. Indonesia (X litres) took a relatively small share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Indonesia and Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest soft drink supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 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 in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per litre, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a slight descent. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Soft Drink Imports

Imports in ASEAN

In 2022, overseas purchases 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 continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X litres in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, soft drink imports rose sharply to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Cambodia (X litres) was the key importer of soft drinks, making up X% of total imports. Singapore (X litres) took the second position in the ranking, distantly followed by the Philippines (X litres), Vietnam (X litres) and Lao People's Democratic Republic (X litres). All these countries together held approx. X% share of total imports. The following importers - Indonesia (X litres) and Myanmar (X litres) - each reached a X% share 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, Cambodia ($X) constitutes the largest market for imported soft drinks in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Cambodia, soft drink imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per litre in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate a modest expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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