Key Market Indicators
Azerbaijani alcoholic drink consumption is projected to reach approximately 94,400 metric tons by 2028, up from 94,000 metric tons in 2023. This marks a modest annual growth rate of 0.1%. Since 2019, the demand for alcoholic beverages in Azerbaijan has remained stable. In 2023, Azerbaijan was ranked 25th globally in alcoholic drink consumption, with Colombia surpassing it by also consuming 94,000 metric tons. Leading the rankings are India, Japan, and Russia, holding the second, third, and fourth positions respectively. On the export front, Azerbaijani alcoholic drink exports are forecasted to reach nearly $24.7 million by 2028, rising from $23.2 million in 2023. This suggests an average annual growth rate of 1%. Azerbaijani supply has shown significant growth since 2001, with an annual increase of 7.5%.
