Key Market Indicators
Panama's consumption of alcoholic beverages is projected to reach approximately 10,800 metric tons by 2028, up from 10,000 metric tons in 2023. This marks an average annual growth rate of 1.3%. Since 2019, the country's demand for alcoholic drinks has been increasing at an average rate of 2.1% per year. In 2023, Panama ranked 81st in global alcoholic drink consumption, with Namibia surpassing it with 10,000 metric tons. Major players in this ranking include India, Japan, and Russia, which hold the second, third, and fourth positions, respectively. On the export front, Panama's alcoholic drink exports are expected to reach around $540 million by 2028, rising from $472 million in 2023. This represents an average annual growth rate of 2.1%. Since the year 2000, Panamanian exports in this sector have been growing at an average rate of 3.2% per year.
