Key Market Indicators
The country ranked number 25 in 2021, France overtook at $1,484,600,000. The United States, Germany and the United Kingdom respectively came in numbers 2, 3 and 4 in this ranking. Sales of beverages in South Africa are predicted to reach $10.4 billion by 2026, up from $9.8 billion in 2021, at a yearly average growth rate of 1%. Since 1996, the South African market has seen an average yearly growth of 4.4%. In 2021, the country ranked 26th overall, and Ireland came in ahead at $9.8 billion. Japan, Germany and the United Kingdom were the top three countries in terms of sales. South African imports of beverages are predicted to reach $681.5 million by 2026, up from $617 million in 2021, at a yearly compound annual growth rate (CAGR) of 1.7%. Since 2005, demand from South Africa has grown 6.9% year on year. In 2021, it ranked 32nd overall, with Colombia overtaking them at $617 million. The United Kingdom, Germany and China were the top three countries in terms of imports. Finally, exports of alcoholic drinks from South Africa are expected to reach $1.6 billion by 2026, up from $1.5 billion in 2021, at a CAGR of 1.6%. Since 2005, South African exports have grown 4.4% year on year. In 2021, they ranked 25th overall, with France overtaking them at $1.5 billion. The United States, Germany and the United Kingdom made up the top three in terms of exports.
