In 2023, the demand for alcoholic beverages in Indonesia stood at 300.0 thousand metric tons, marking a slight year-on-year decline of 0.33% from 2022. Over the past five years (2019-2023), the compound annual growth rate (CAGR) has been -0.13%, indicating a marginal average annual decrease in demand.
Examining the period from 2014 to 2023:
- 2014-2015 saw a notable increase of 5.9% in demand.
- There was a sharp decrease of 6.5% in 2016, followed by minor fluctuations.
- 2019 maintained the same level of demand as 2018.
- 2020 experienced a significant drop of 17.27%, likely influenced by external factors such as the pandemic.
- The demand rebounded strongly in 2021 with a 20.48% increase, stabilizing at 301 thousand metric tons in both 2022 and 2023.
Looking forward, the forecasted data from 2024 to 2028 indicates a slight but steady decline in demand, with a forecasted five-year CAGR of -0.11%. The overall growth rate over this period is expected to decrease by 0.53%.
Future trends to watch for include potential changes in consumer behavior, regulatory impacts, and economic recovery post-pandemic, which may influence demand patterns in the coming years.
