The import volume of distilled alcoholic beverages in Australia is forecasted to decrease steadily from 2024 to 2028, beginning at 64.14 thousand metric tons in 2024 and reaching 49.14 thousand metric tons by 2028. The year-on-year percentage variations are projected at -6.0% in 2025, -6.3% in 2026, -6.6% in 2027, and -6.9% in 2028. Over the last two years (2022-2023), the volume showed a declining trend, which has continued into the forecast period, indicating sustained downward momentum. The compound annual growth rate (CAGR) for the 2024 to 2028 period suggests an average annual decline of approximately -6.5%.
Future trends to watch for include shifts in consumer preferences towards local and craft spirits, potential regulatory changes affecting imports, and the impact of economic factors such as currency fluctuations and trade policies that could influence overall import volumes. Additionally, health and wellness trends might drive consumers to reduce alcohol consumption, further affecting import demand.