Key Market Indicators
Australian alcoholic drink consumption is projected to decrease slightly over the next few years. By 2028, the consumption is expected to reach approximately 62,000 metric tons, down from the current level of around 62,000 metric tons in 2023. This decrease represents an average annual decline of 0.1%. Despite this forecasted downturn, Australian demand for alcoholic drinks has been on the rise, increasing by an average of 1.3% annually since 2019. In the global rankings for 2023, Australia stands at the 32nd spot. Notably, Zimbabwe surpassed Australia with a consumption level of 62,000 metric tons. India, Japan, and Russia secured the 2nd, 3rd, and 4th positions, respectively. On the export front, the outlook is more positive. Australian alcoholic drink exports are predicted to reach approximately $2.9 billion by 2028, up from about $2.7 billion in 2023. This represents an average annual growth rate of 1.5%. Australian supply of alcoholic beverages has consistently grown at this rate since 1993.
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