The forecasted import of whiskies to the Philippines is set to rise over the next five years, starting at 7.0559 million kilograms in 2024 and reaching 7.8529 million kilograms by 2028. Observing the year-on-year variation, there is a consistent growth averaging around 2.9% annually. Looking at the last two years, the increase has been stable and aligns with the overall CAGR of approximately 2.9% over the five-year period. In 2023, the import stood at 6.85 million kilograms, indicating a steady upward trend.
Future trends to watch for include potential shifts in consumer preferences towards premium whiskies and the impact of economic factors on import levels. Additionally, trade policies and international relationships may influence the volume of imports. The emerging market for craft and speciality whiskies could also drive future growth.
