Key Market Indicators
Exports of alcoholic beverages from Panama are on the rise and are projected to reach around $511 million by 2026. This represents a 2.3% year-on-year increase from the 2021 figure of $445 million. Since 2000, exports have grown at an average rate of 4.4% annually. Meanwhile, imports of alcoholic beverages are also set to increase, with the figure expected to reach $366 million by 2026. This is an average annual growth of 1.7%, up from $332 million in 2021. Since 2000, imports have grown at an average rate of 2.8% annually. In 2021, Panama was ranked 47th in terms of imports, overtaken by Bulgaria at $331 million. The United Kingdom, Germany and China respectively came in second, third and fourth in this ranking. Finally, alcoholic beverage sales are also set to rise, reaching an estimated $2.96 billion by 2026. This is a CAGR (compound annual growth rate) of 2.6%, up from $2.54 billion in 2021. Since 1995, sales have grown at an average rate of 4.1% annually. In 2021, Panama was ranked 56th in terms of sales, overtaken by Tanzania at $2.54 billion. Japan, Germany and the United Kingdom respectively ranked second, third and fourth in this ranking.
