Key Market Indicators
Paraguayan alcoholic drink consumption is projected to reach approximately 27,000 metric tons by 2028, up from 26,000 metric tons in 2023. This reflects an average annual growth rate of 0.8%. Since 2019, the demand for alcoholic beverages in Paraguay has consistently risen by the same rate. In 2023, Paraguay ranked 49th in global consumption, with Estonia slightly ahead at 26,000 metric tons. The leading countries in this category were India, Japan, and Russia, holding the second, third, and fourth positions, respectively. On the export front, Paraguay is expected to see significant growth. Alcoholic drink exports are forecasted to reach $32 million by 2028, up from $26 million in 2023, marking a compound annual growth rate (CAGR) of 3.5%. Despite this positive trend, Paraguayan supply has remained stagnant since 1994.
