The average excise duty on spirits in the UK is forecasted to grow steadily from 2024 to 2028, rising from 4.12 to 4.32 thousand euros per hectoliter. The year-on-year increase averages about 1.21% annually. The compound annual growth rate (CAGR) over the five years is approximately 1.21%, indicating a consistent upward trend in excise duties.
Future trends to watch for include potential regulatory changes that could accelerate or decelerate duties growth, as well as shifts in consumer buying behavior that could influence future excise policy decisions. Additionally, economic factors such as inflation and trade agreements could impact these forecasts.
