Over the past decade, the import volume of alcoholic beverages in Germany has shown notable fluctuations. From 2014 to 2019, the market saw small variations with a slight increase overall. However, 2020 experienced a significant drop in volume, likely due to the impacts of COVID-19. The market rebounded quickly in 2021, followed by modest growth through 2023 when the volume stood at 3.71 million metric tons. The average year-on-year growth over the last two years was 0.41%, and the compound annual growth rate (CAGR) for the last five years was 0.15%.
Looking ahead, with forecasted data from 2024 to 2028, the import volume is expected to grow at an average CAGR of 0.31%, reaching 3.78 million metric tons by 2028. This forecasted 5-year period includes a total growth rate of 1.58%.
Future trends to watch for:
- Impact of global trade policies and tariffs on import volumes.
- Shifts in consumer preferences towards local vs. imported alcoholic beverages.
- Influence of e-commerce and digital sales channels on market dynamics.
- Potential market disruptions from economic downturns or other global events.
- Innovations and trends in the alcoholic beverages industry impacting demand.