U.S. - Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

U.S. - Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights

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Soft Drink Price in the United States - 2023

Contents:

  1. Soft Drink Price in the United States (CIF) - 2023
  2. Soft Drink Price in the United States (FOB) - 2023
  3. Soft Drink Imports in the United States
  4. Soft Drink Exports in the United States

Soft Drink Price in the United States (CIF) - 2023

In September 2023, the average soft drink import price amounted to $1.3 per litre, growing by 22% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($3.1 per litre), while the price for Guatemala ($697 per thousand litres) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Soft Drink Price in the United States (FOB) - 2023

The average soft drink export price stood at $1.5 per litre in September 2023, stabilizing at the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 11% month-to-month. As a result, the export price attained the peak level of $1.7 per litre. From February 2023 to September 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($4.4 per litre), while the average price for exports to Bahamas ($948 per thousand litres) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Soft Drink Imports in the United States

In 2022, supplies from abroad of soft drinks decreased by -46.5% to 1.4B litres for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports reached the peak of 2.7B litres, and then dropped dramatically in the following year.

In value terms, soft drink imports dropped rapidly to $2B in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 7.1% against the previous year. As a result, imports reached the peak of $3.7B, and then contracted rapidly in the following year.

Import of Soft Drink in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico422461627385-3.0%
Austria1,0781,041876345-31.6%
Switzerland750641689317-25.0%
Canada278312359213-8.5%
Philippines93.397.61351198.4%
Italy11912512174.0-14.6%
South Korea97.289.885.964.4-12.8%
Thailand10990.393.050.4-22.7%
Netherlands39.186.384.646.96.3%
United Kingdom70.810211242.9-15.4%
France97.179.084.141.8-24.5%
Taiwan (Chinese)39.843.148.326.3-12.9%
Guatemala18.520.932.825.511.3%
Others291304394200-11.8%
Total3,5023,4933,7421,951-17.7%

Top Suppliers of Soft Drink to the United States in 2022:

  1. Mexico (365.7M litres)
  2. Canada (177.6M litres)
  3. Philippines (141.9M litres)
  4. Austria (130.7M litres)
  5. Switzerland (113.7M litres)
  6. Italy (76.3M litres)
  7. South Korea (69.2M litres)
  8. France (47.8M litres)
  9. Thailand (41.9M litres)
  10. Taiwan (Chinese) (29.9M litres)
  11. Guatemala (25.1M litres)
  12. Netherlands (23.6M litres)
  13. United Kingdom (22.0M litres)

Soft Drink Exports in the United States

Soft drink exports from the United States reduced slightly to 952M litres in 2022, waning by -4.5% on 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 7.7%. As a result, the exports reached the peak of 996M litres, and then declined in the following year.

In value terms, soft drink exports fell modestly to $1.4B in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. As a result, the exports reached the peak of $1.4B, and then contracted in the following year.

Export of Soft Drink in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada6857287477422.7%
Mexico1111191551274.6%
Taiwan (Chinese)39.237.547.661.516.2%
Vietnam68.748.466.758.7-5.1%
Australia24.030.423.333.611.9%
United Kingdom11.212.224.825.130.9%
Panama24.117.520.618.4-8.6%
Netherlands28.422.826.716.2-17.1%
Others286263302281-0.6%
Total1,2771,2791,4141,3642.2%

Top Export Markets for Soft Drink from the United States in 2022:

  1. Canada (506.8M litres)
  2. Mexico (104.8M litres)
  3. Australia (30.1M litres)
  4. United Kingdom (20.4M litres)
  5. Taiwan (Chinese) (17.7M litres)
  6. Vietnam (16.0M litres)
  7. Panama (14.7M litres)
  8. Netherlands (12.8M litres)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soft drink market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
  • Prodcom 11071950 - z Non-alcoholic beverages not containing milk fat (excluding sweetened or unsweetened mineral, aerated or flavoured waters)
  • Prodcom 11071970 - Non-alcoholic beverages containing milk fat
  • Prodcom 110000Z1 - Non-alcoholic beverages, not containing milk, milk products and fats derived therefrom (excl. water, fruit or vegetable juices)
  • Prodcom 11051010 - Non-alcoholic beer and beer containing . 0.5% alcohol

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Soft Drinks - United States