Between 2013 and 2023, the sales of imported gin in Canada showed a mixture of growth and slight decline. The volume rose from 4.65 million liters in 2013 to a peak value of 7.07 million liters in 2021. However, there has been a minor decline since then, with the volume recorded at 6.92 million liters in 2023. Year-on-year variation shows significant increases around 2016 (9.37%) and 2017 (9.22%), but decreases were seen in recent years, like 2022 (-1.23%) and 2023 (-1%). The 5-year CAGR (Compound Annual Growth Rate) varied over the years, peaking at 6.78% in 2020 but declining to a forecasted -0.39% for 2028.
Future trends to watch for include the forecasted gradual decline in sales volumes from 2024 to 2028, indicating a stabilization or potential maturity of the imported gin market in Canada. Monitoring consumer preferences, market disruptions, and potential regulatory changes will be crucial in predicting future market dynamics.
