Forecast: Beer Production in Africa

Analyzing the beer production in Africa from historical data, we observe a general decline over the period 2014 to 2023. The production peaked in 2016 at 13.64 million metric tons but has seen fluctuations and a downward trend since then. In 2023, the production stood at 12.97 million metric tons, reflecting a slight decline over the last year.

Year-on-year variations have shown distinct patterns:

  • 2017: -3.83%
  • 2018: -0.98%
  • 2019: 0.47%
  • 2020: -5.15%
  • 2021: 5.11%
  • 2022: -0.15%
  • 2023: -0.15%

The CAGR over the last 5 years indicates an average yearly decrease of 0.025%. Looking ahead from 2024 to 2028, forecasts predict a continuation of this decline with a five-year CAGR of -0.12% and an overall growth rate of -0.59%.

Future trends to watch for in African beer production include the impacts of economic instability, shifts in consumer preferences towards alternative beverages, and the effects of regulatory changes. Additionally, market dynamics such as investments in production efficiency and potential new technological advancements could significantly influence future trends.

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