Key Market Indicators
South Africa's consumption of alcoholic drinks is projected to decline to approximately 260,000 metric tons by 2028, down from 276,000 metric tons in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 1%. Since 2019, the country's demand for alcoholic beverages has been decreasing by 0.5% annually. In 2023, South Africa ranked ninth in global consumption, with South Korea slightly ahead at 276,000 metric tons. Leading the rankings were India, Japan, and Russia, occupying the second, third, and fourth positions, respectively. Conversely, South Africa's export of alcoholic drinks is set to rise, reaching nearly $1.7 billion by 2028, up from $1.5 billion in 2023. This marks an average annual growth rate of 1.4%. Since 2005, the country's supply has shown a steady increase, growing by 1.6% year on year.
Latest reports
South Africa Beverages Market Report- Q1 2025
The South African beverages market in Q1 2025 is characterized by significant trends and developments across both alcoholic and non-alcoholic segments. The focus...
South Africa Beverages Market Report- Q4 2024
The South African beverages market in Q4 2024 showcased a dynamic landscape driven by evolving consumer preferences, economic conditions, and regulatory changes. The...
