Alcoholic beverages production in Australia showed fluctuations from 2014 to 2023, standing at 3.05 million metric tons in 2023. There were significant dips in 2015 (-2.6%) and 2020 (-16.75%), while 2017 and 2021 marked strong rebounds (4.58% and 20.8%, respectively). A slow, positive growth trend is observed with a year-on-year growth rate of 0.23% in 2023 and an average annual growth (CAGR) of 0.43% over the last 5 years.
Looking forward, the production is forecasted to grow modestly, reaching 3.09 million metric tons in 2028, with an expected 5-year CAGR of 0.21%.
Trends to watch for include potential impacts of regulatory changes, evolving consumer preferences towards premium and craft beverages, and sustainability practices influencing production processes.
