Key Market Indicators
Tobagonian Alcoholic Drink Consumption is projected to climb to approximately 2,100 metric tons by 2028, up from 2,000 metric tons in 2023. This reflects an average annual growth rate of 0.5%. Since 2019, demand in Tobago has remained stable. In 2023, Tobago ranked 105th in the world for alcoholic drink consumption, with Suriname slightly ahead at 2,000 metric tons. India, Japan, and Russia held the second, third, and fourth spots, respectively. In terms of exports, Tobagonian Alcoholic Drink Export is forecasted to hit $186 million by 2028, increasing from $172 million in 2023. This marks a compound annual growth rate (CAGR) of 1.3%. Since 1996, the country's alcohol export supply has risen by an average of 1.7% annually.
