American Soft Drink Imports Skyrocket to $2.8B
IndexBox has just published a new report: ‘U.S. – Sugary Soft Drinks – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
After a decade of continuous growth, American sugary soft drink imports reached $2.8B in 2020. In physical terms, imports rose by +8% y-o-y to 1.6M tonnes. Austria, Mexico and Switzerland were the largest suppliers of sugary soft drinks to the U.S., accounting for 60% of total American imports. The UK, Mexico and Italy featured the most intensive growth of shipments to the U.S. in 2020. In America, the average sugary soft drink import price amounted to $1,800 per tonne last year.
American Sugary Soft Drink Imports
In 2020, the amount of sugary soft drinks imported into the U.S. rose markedly to 1.6M tonnes, increasing by +8% against the previous year’s figure. In value terms, sugary soft drink imports rose from $2.7B to $2.8B (IndexBox estimates) in 2020.
Austria (363K tonnes), Mexico (349K tonnes) and Switzerland (221K tonnes) were the main suppliers of sugary soft drinks to the U.S., together accounting for 60% of total imports. These countries were followed by Canada, Italy, France and the UK, which together accounted for a further 28%.
In 2020, the most notable growth rates regarding shipments to the U.S. in physical terms were attained by the UK (+43% y-o-y), Mexico (+18% y-o-y) and Italy (+14% y-o-y). By contrast, the supplies from Switzerland (-11% y-o-y) and France (-5% y-o-y) were reduced.
In value terms, the largest sugary soft drink suppliers to the U.S. were Austria ($1.1B), Switzerland ($670M) and Mexico ($324M), with a combined 74% share of total imports. Canada, Italy, the UK and France lagged somewhat behind, together comprising a further 17%.
In 2020, the average sugary soft drink import price amounted to $1,800 per tonne, with a decrease of -4.6% 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 Switzerland ($3,026 per tonne), while the price for Canada ($886 per tonne) was amongst the lowest. In 2020, the UK attained the most notable rate of growth in terms of prices, while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform