Key Market Indicators
Colombian consumption of alcoholic beverages is projected to decline to approximately 95,000 metric tons by 2028, down from 98,000 metric tons in 2023. This represents an average annual decrease of 0.4%. The trend has been downward since 2019, with demand dropping by an average of 1.6% per year. In the global rankings for 2023, Colombia held the 24th position. Spain surpassed Colombia with a consumption of 98,000 metric tons. India, Japan, and Russia occupied the second, third, and fourth positions, respectively. On the export front, Colombia's alcoholic drink exports are expected to decrease to $28.5 million by 2028, from $28.9 million in 2023. This marks an average annual decline of 0.2%. Since 1996, the country's supply has consistently fallen, with an average annual decrease of 2.6%.
