Water Trade Flourishes with Growing Export and Import Demands
The water industry is witnessing a thriving trade as global demands for pure, refreshing water continue to soar. With increasing emphasis on quality and sustainability, countries are engaging in water export and import activities to meet consumer needs. As awareness of water’s vital role in health and well-being grows, the trade of this precious resource is shaping the global market.
The Global Water Market: Essential Hydration and Industry Resource
Water holds a vital place in the global market as an essential and widely consumed beverage. It is a basic necessity for human survival and is consumed in various forms across the world. The global water market encompasses both packaged drinking water and bottled water, catering to different consumer needs and preferences.
The demand for water is driven by several factors, including population growth, urbanization, increasing health consciousness, and the need for convenient hydration options. Bottled water, in particular, has gained significant popularity due to its convenience, quality assurance, and portability.
Water Trade PCI Ranking
The Product Complexity Index (PCI) places mineral and aerated waters that are neither sweetened or flavored 3094th overall.
Facilities Required to Enter Water Trade Industry
Reliable Water Sources:
Access to abundant and quality water sources is crucial. This may involve securing rights to natural springs, groundwater, or partnering with water treatment facilities.
Quality Control Measures:
Implementing stringent quality control measures to ensure the safety and purity of the water being traded. Compliance with regulatory standards and certifications is necessary in trading water in bulk.
Packaging and Bottling Infrastructure:
Establishing efficient packaging and bottling facilities to package the water for distribution. This includes investing in modern bottling equipment, labeling, and packaging materials.
Developing a robust distribution network to reach customers effectively. This may involve partnerships with wholesalers, retailers, and logistics providers to ensure efficient delivery to various markets.
International Trade Expertise:
Understanding the regulations, customs, and documentation required for international water trade. Complying with import and export regulations specific to each country is essential for seamless operations.
Marketing and Branding:
Creating a compelling brand image and marketing strategy to differentiate your water product in the competitive market and gain the satisfaction of customers who aim to buy and sell water online in bulk. Developing effective marketing campaigns and building strong customer relationships are crucial for success.
Embracing online platforms to facilitate bulk purchase and sales of water. Investing in e-commerce infrastructure enables convenient online transactions and expands market reach.
Water Trade Tariffs
Mineral and aerated waters without added sweeteners or flavors had the 6th lowest average tariff in 2018 (using the HS6 product classification), at 29.4k%.
Water Products In the Market
- Bottled Mineral Water
- Purified Drinking Water
- Spring Water
- Sparkling Water
- Flavored Water
- Alkaline Water
- Distilled Water
- Electrolyte Water
- Coconut Water
- Vitamin-Enhanced Water
- Natural Spring Water
- Artesian Water
- Filtered Water
- Enhanced Water (with added nutrients or antioxidants)
- Functional Water (infused with herbs, botanicals, or functional ingredients)