Mineral and aerated waters market in Greece, 2026

Earlier Report Observations

The Greek bottled water market grew from 1,771 million liters in 2018 to 1,975 million liters in 2019, boosted by high tourism activity and elevated temperatures that increased demand for natural mineral water, especially in island regions. This period also saw brands like Zagori introduce new product ranges at international trade fairs, supporting production and export growth.

After a dip to 1,807 million liters in 2020, the market rebounded strongly, reaching 2,543 million liters by 2023 and 2,932 million liters in 2024. This expansion was fueled by a sustained consumer shift toward healthy, sugar-free beverages and natural mineral waters. Major capacity additions, including the new 3,000 sq.m production plant opened by Ξινό Νερό in 2022, enabled higher output to meet rising demand, while strategic partnerships such as the agreement between AQUA Carpatica and PepsiCo in the same year strengthened market access and presence.

In recent years, innovation in premium products and environmentally friendly packaging responded to sustainability and wellness trends. Companies like Nestlé maintained a strong foothold with brands such as Perrier and S.Pellegrino, and local players invested in lighter packaging and flavored water variants, further supporting market growth through 2024.

Production mineral and aerated waters in Greece

In value, 2017-2020, M $ US

In 2020, Greece's production of mineral and aerated waters was valued at 304.7 million US dollars, marking a moderate year-over-year decline of 7.0%. Over the period from 2017 to 2020, production decreased by 22%, with a compound annual growth rate of 8.0%. The largest increase occurred in 2019 at 1.6%, while the most significant decline was recorded in 2018 at 17.5%.

Annual dynamics of production in Greece in value, 2017-2020, M $ US

In kind, 2017-2020, M l

In 2020, Greece produced 1,833 million liters of mineral and aerated waters, down 8.3% from the previous year. From 2017 to 2020, production fell by 15.2%, with a compound annual growth rate of 5.3%. The lowest production level was in 2018 at 1,792 million liters, which also saw the largest decline of 17.1%. In contrast, 2019 experienced the biggest increase at 11.6%.

Annual dynamics of production in Greece in kind, 2017-2020, M l

Exports mineral and aerated waters from Greece

Exports in kind, K l

Following a two-year rise, Greece's exports of mineral and aerated waters declined. In 2020, exports totaled 31,942 thousand liters, reflecting a slight decrease of 2.4% compared to the previous year. Over the 2017-2020 period, exports grew by 27.3%, with a compound annual growth rate of 8.4%. The peak was in 2019 at 32,731 thousand liters, which also recorded the largest increase of 16.4%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K l

From 2017 to 2020, Cyprus, Germany, and Serbia were the top buyers of mineral and aerated waters from Greece, accounting for 59.9%, 13.3%, and 3.9% of exports in kind, respectively. Together, they represented 77.1% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

After a two-year increase, exports of mineral and aerated waters from Greece declined. In 2020, exports reached 7,530 thousand US dollars, a 6.8% drop year-over-year. Between 2017 and 2020, exports rose by 9.7%, equating to an annualized rate of 3.1%. The highest value was in 2019 at 8,079 thousand US dollars, while the largest increase occurred in 2018 at 9.2%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Throughout 2017-2020, Cyprus, Germany, and the United States were the primary markets for Greece's mineral and aerated waters exports in value terms, with shares of 55.8%, 13.4%, and 4.5%, respectively. Combined, they made up 73.6% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports mineral and aerated waters to Greece

Imports in kind, K l

Imports of mineral and aerated waters into Greece declined for the second consecutive year. In 2020, imports totaled 5,940 thousand liters, showing a sharp decrease of 27.5% from the previous year. Between 2017 and 2020, imports fell by 10.6%, with an annualized rate of 3.7%. The maximum was in 2018 at 9,951 thousand liters, which also saw the largest increase of 49.8%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K l

From 2017 to 2020, Italy, France, and Belgium were the largest suppliers of mineral and aerated waters to Greece, contributing 27.8%, 21.1%, and 18.6% of imports in kind, respectively. Together, they formed 67.4% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

The volume of mineral and aerated waters imports into Greece declined for the second year in a row. In 2020, imports amounted to 3,780 thousand US dollars, representing a 28.4% fall compared to the previous year. Between 2017 and 2020, imports decreased by 4.8%, equating to an annualized rate of 1.6%. The peak value was in 2018 at 5,929 thousand US dollars, which also recorded the largest increase of 49.3%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

In 2017-2020, France, Italy, and Denmark were consistently the main sources for imports in value terms, with shares of 29.1%, 28.1%, and 8.6%, respectively. Together, they accounted for 65.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020