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Home » International Perspective: 2Q Coca-Cola, PepsiCo Global Volumes

International Perspective: 2Q Coca-Cola, PepsiCo Global Volumes

Brazil Remains Stronghold. Declines for Coke Japan, PepsiCo China

Global Volume
August 9, 2019

Quarterly, BD culls global beverage volume performance for Coca-Cola and PepsiCo from regulatory filings. The table on page 7 includes all markets disclosed by the companies for the second-quarter. Volume changes often are expressed without specific percentages. In some cases, Coca-Cola combines regions. The data for both companies includes carbonated and non-carbonated drinks.

Global Volumes 2019_08_09

Coca-Cola. The company showed improvement in several markets including Central and Eastern Europe, Mexico, and South Pacific. India and Southwest Asia reported volume growth of +20%, a marked acceleration from the first-quarter and 2018. Brazil continued to show strength, and South Latin decline decelerated compared to the first-quarter. In the combined China/Korea market, growth decelerated to +2% compared to +8% in the first quarter. Japan deteriorated. Middle East & North Africa posted a volume decline following first-quarter growth of +2%.

PepsiCo. Brazil and India produced strong performances for PepsiCo, while Nigeria maintained a double-digit percentage gain. China, Turkey and the Middle East deteriorated. Europe was challenged as Germany, Russia, France and the UK posted declines. Poland was the company’s European bright spot. In Latin America, Guatemala grew by a double-digit percentage. Growth in Mexico and Colombia decelerated, while Argentina’s volume continued to slide.

Carbonated Financial Insights Data Snapshots Latest Insights
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