The forecasted import of beer to China shows an upward trajectory from 2024 to 2028. In 2023, the value stood at approximately $1.123 billion USD. The year-on-year growth is consistent, increasing by around 4.89% annually. From 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 4.5%, reflecting a stable growth pattern in beer imports.
Future trends to watch for:
- Changing consumer preferences and increasing interest in premium and craft beers.
- China’s economic and regulatory environment, which may impact beer import policies.
- Potential competition from local Chinese breweries adapting and expanding their offerings.