The forecasted export volume of alcoholic beverages in South Africa indicates a steady growth from 1.13 million metric tons in 2024 to 1.19 million metric tons by 2028. To provide context, the export volume stood at 1.12 million metric tons in 2023. The year-on-year growth percentages are as follows: 2025 (0.88%), 2026 (1.75%), 2027 (0.86%), and 2028 (1.71%). Over the 5-year period from 2023 to 2028, the compound annual growth rate (CAGR) is calculated at 1.18%.
Future Trends to Watch For:
- Changing consumer preferences and demand for premium and craft alcoholic beverages.
- Regulatory changes affecting trade policies and tariffs.
- Economic factors influencing production costs and global competitiveness.
- Innovations in sustainable packaging and production practices.
- Impact of global health trends on the alcoholic beverage market.