Mineral and aerated waters market in North Macedonia

Earlier Report Observations

The market for unsweetened, unflavoured natural and artificial mineral and aerated waters in North Macedonia was valued at 24.6 million dollars in 2018, supported by the presence of state-owned and large companies like Pelisterka AD and Fortenova Grupa. After a slight stabilization in 2019, the market size fell sharply to 17.4 million dollars in 2020.

Recovery began in 2021, with the market reaching 23.1 million dollars, influenced by global and regional health trends that increased demand for natural and functional waters. In 2022, further growth to 26.4 million dollars was underpinned by the Food and Veterinary Agency's confirmation that only approved and safe mineral waters were sold in the country, bolstering consumer confidence.

The market expanded to 29.6 million dollars in 2023, driven by stable import flows and rising consumption of premium and functional water segments. A significant surge to 36.5 million dollars occurred in 2024, fueled by new investments such as spa hotels with rich mineral water sources and innovations from domestic producers aiming to improve market position.

Production mineral and aerated waters in North Macedonia

In value, 2017-2020, K $ US

North Macedonia's mineral and aerated waters production declined for the second consecutive year. In 2020, output was valued at 12 762 thousand US dollars, marking a 32.8% drop compared to 2019. Over the 2017-2020 period, production decreased by 23.5%, with an annualized decline of 8.5%. The peak value occurred in 2018 at 20 201 thousand US dollars, which also saw the largest increase of 21.1%.

Annual dynamics of production in North Macedonia in value, 2017-2020, K $ US

In kind, 2017-2020, M l

The market exhibited volatility during the observed period. In 2020, North Macedonia produced 73 million liters of mineral and aerated waters, reflecting a significant decrease of 10.8% from 2019. The maximum production was recorded in 2018 at 10 126 million liters, which also experienced the largest increase of 13,084.2%. The largest decline occurred in 2019 at 99.2%, resulting in a 139-fold variation between the 2018 peak and the 2020 low.

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

Exports mineral and aerated waters from North Macedonia

Exports in kind, K l

North Macedonia's mineral and aerated waters export volume declined for the second consecutive year. In 2020, exports stood at 2 241 thousand liters, showing a sharp fall of 21.7% from 2019. Between 2017 and 2020, exports increased by 15.4%, equating to an annualized growth rate of 4.9%. The highest export volume was recorded in 2018 at 2 905 thousand liters, which also saw the largest increase of 49.6%.

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

From 2017 to 2020, Bulgaria, Serbia, and Australia formed the key group of partners for North Macedonia's mineral and aerated waters exports in volume terms. Bulgaria accounted for 34.9% of exports, Serbia for 17.2%, and Australia for 10.0%, collectively representing 62.2% of total export flows.

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

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

Exports in value, K $ US

Mineral and aerated waters exports from North Macedonia declined for the second consecutive year. In 2020, export value amounted to 683 thousand US dollars, reflecting a strong decrease of 20.0% year-over-year. Over the 2017-2020 period, exports increased by 23.3%, with an annualized growth rate of 7.2%. The peak value was recorded in 2018 at 897 thousand US dollars, which also experienced the largest increase of 61.8%.

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

Between 2017 and 2020, Bulgaria, Serbia, and Australia were the main destinations for North Macedonia's mineral and aerated waters exports in value terms. Bulgaria accounted for 25.9% of exports, Serbia for 20.9%, and Australia for 12.5%, together making up 59.2% of total export value.

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

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

Imports mineral and aerated waters to North Macedonia

Imports in kind, K l

After a two-year increase, mineral and aerated waters imports into North Macedonia declined. In 2020, imports registered 24 817 thousand liters, amounting to a moderate decrease of 5.7% compared to the previous year. Between 2017 and 2020, imports increased by 32.5%, equating to an annualized growth rate of 9.8%. The maximum import volume was recorded in 2019 at 26 316 thousand liters, which also saw the largest increase of 21.5%.

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

From 2017 to 2020, Serbia dominated North Macedonia's mineral and aerated waters imports in volume terms, accounting for 81.0% of total imports. The remaining flows were distributed among a broad group of smaller countries.

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

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

Imports in value, K $ US

After a two-year advance, North Macedonia's mineral and aerated waters imports declined. In 2020, imports totaled 5 366 thousand US dollars, down by 12.9% compared with 2019. Between 2017 and 2020, imports increased by 38.3%, equating to an annualized growth rate of 11.4%. The peak import value was recorded in 2019 at 6 159 thousand US dollars, while the largest increase occurred in 2018 at 35.2%.

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

Over the 2017-2020 period, Serbia was the dominant supplier of mineral and aerated waters to North Macedonia in value terms, accounting for 77.0% of total imports. Other countries shared the remaining volume.

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

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