Bottled Water - Timor-Leste

The Bottled Water market in Timor-Leste has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth in the Bottled Water market in Timor-Leste is the increasing health consciousness among consumers. With rising awareness about the importance of staying hydrated and maintaining good health, more and more people are opting for bottled water as a convenient and safe option. Additionally, the convenience of bottled water makes it a popular choice among consumers who are constantly on the go.

Trends in the market: One of the key trends in the Bottled Water market in Timor-Leste is the growing demand for premium and flavored bottled water. As consumers become more discerning and seek variety in their choices, they are willing to pay a premium for bottled water that offers unique flavors and enhanced benefits. This trend is driven by the desire for a refreshing and enjoyable drinking experience. Another trend in the market is the increasing popularity of eco-friendly packaging options. Consumers in Timor-Leste are becoming more conscious of the environmental impact of plastic bottles and are actively seeking alternatives. As a result, there is a growing demand for bottled water packaged in sustainable materials such as glass or biodegradable materials.

Local special circumstances: Timor-Leste is a country with a hot and humid climate, which makes bottled water a necessity for many people. The lack of access to clean and safe drinking water in certain areas also contributes to the high demand for bottled water. In addition, the tourism industry in Timor-Leste is growing rapidly, attracting a large number of visitors who rely on bottled water during their stay.

Underlying macroeconomic factors: The growing economy of Timor-Leste has also played a role in the development of the Bottled Water market. As disposable incomes rise, consumers have more purchasing power to spend on bottled water. Additionally, the increasing urbanization and changing lifestyles have resulted in a shift towards packaged and convenient products, further fueling the demand for bottled water. In conclusion, the Bottled Water market in Timor-Leste is experiencing growth due to the increasing health consciousness among consumers, the demand for premium and flavored options, the preference for eco-friendly packaging, the local climate and tourism industry, and the underlying macroeconomic factors. These factors combined have created a favorable environment for the growth of the Bottled Water market in Timor-Leste.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.