The beer market size volume in Mozambique stood at 217.0 thousand metric tons in 2023. The market saw a year-on-year increase of 0.93% in 2023, continuing a gradual upward trend. Over the past five years, the market achieved a compound annual growth rate (CAGR) of 0.85%, reflecting a steady albeit modest growth.
Historic analysis reveals significant fluctuations: increases of 10.05% in 2018, followed by a dip of -1.44% in 2019, and a considerable decline of -15.79% in 2020 likely due to external shocks. However, the market rebounded strongly in 2021 with a 22.8% year-on-year growth, maintaining a positive albeit modest trajectory in subsequent years.
Looking ahead, from 2024 to 2028, the forecast indicates a 5.45% total growth rate with a forecasted five-year CAGR of 1.07%, suggesting steady future expansion.
Future trends to watch for include the impact of economic conditions on consumer spending, potential regulatory changes, and shifts in consumer preferences toward premium or craft beers, which could further alter market dynamics. Additionally, the influence of external factors such as global supply chain disruptions and climatic conditions could also play significant roles in shaping the market's future trajectory.
