Key Market Indicators
Exports of Korean alcoholic beverages are expected to reach $11.4 billion by 2026, up from $9.8 billion in 2021. This figure represents an average annual growth rate of 2.5% since 1993. In addition, imports of alcoholic beverages are projected to reach $15.4 billion by 2026, up from $13.1 billion in 2021, with an average annual growth rate of 2.6% since 1993. The country is currently ranked 19th in terms of imports, with Denmark overtaking it in 2021 at $13.1 billion. The United Kingdom, Germany and China were ranked second, third and fourth respectively. In terms of sales, Korean alcoholic beverage sales are expected to reach $35.5 billion by 2026, up from $31.1 billion in 2021, with an average annual growth rate of 2.2% since 1995. The country is currently ranked 12th, with Russia overtaking it in 2021 at $31.1 billion. Japan, Germany and the United Kingdom were ranked second, third and fourth respectively.
