Key Market Indicators
Nicaragua's consumption of alcoholic drinks is projected to reach approximately 16,300 metric tons by 2028, rising slightly from 16,000 metric tons in 2023. This marks an average annual growth rate of 0.3%. The nation's demand for alcoholic beverages has remained stable since 2019. In 2023, Nicaragua ranked 69th globally in alcoholic drink consumption, with Israel surpassing it at the same consumption level of 16,000 metric tons. Leading the global consumption charts were India, Japan, and Russia, occupying the second, third, and fourth positions, respectively. On the export front, Nicaragua's alcoholic drink exports are expected to hit nearly $57.8 million by 2028, up from $52.1 million in 2023. This represents an average yearly growth rate of 1.6%. Since 1998, the country's supply has increased at an annual rate of 0.9%.
