South Africa's distilled alcoholic beverage import volume fluctuated significantly over the past decade. In 2014, it stood at 59 thousand metric tons and, after experiencing several ups and downs, settled at 51 thousand metric tons in 2023. Notably, a sharp decline occurred in 2015, followed by a gradual recovery and stabilization post-2020. For the past two years, import volumes have shown a flat trend with zero year-on-year variation in 2023.
From 2019 to 2023, the CAGR stood at -1.14%, indicating a slight decline. Future forecasts suggest a further slight decrease with a 5-year CAGR of -0.44% and an overall growth decrease of -2.19% by 2028.
Future trends to watch might include shifts in consumer preferences due to health trends, changes in import regulations, and economic factors influencing disposable income and spending on imported goods.