The production of distilled alcoholic beverages in China experienced notable fluctuations over the last decade. From 2014 to 2023, there was a general decline in production volume, starting at 12.33 million metric tons in 2014 and decreasing to 9.72 million metric tons in 2023. Particularly significant drops occurred in 2015 and 2016, followed by a surge in 2017. The year-on-year variations reveal a substantial dip in 2020 by 18.11%, then an increase in 2021 by 18.87%. However, from 2019 to 2023, there was a steady declining trend, with a CAGR of -1.3% observed.
Future trends indicate a continued decline in production, with forecasts predicting a reduction to 9.05 million metric tons by 2028 and a forecasted 5-year CAGR of -1.14%. Critical trends to watch for in the future include the impact of consumer preferences shifting towards premium and imported spirits, potential regulatory changes, and evolving health trends affecting alcohol consumption patterns in China.
