The demand for distilled alcoholic beverages in Malaysia has seen significant fluctuations over the past decade, peaking in 2015 at 12,000 metric tons before experiencing a gradual decline. By 2023, the demand stabilized at 5,000 metric tons, showing a flat year-on-year trend for three consecutive years. The compound annual growth rate (CAGR) from 2019 to 2023 was -6.51%, reflecting a significant downward trend.
Future projections indicate a continued decline, with the forecasted demand dropping to 3,160 metric tons by 2028. The average annual decrease over the next five years is expected to be -6.87%, representing a total decrease of approximately 30% over this period. Key trends to watch for include potential policy changes, consumer preferences shifting towards low-alcohol or non-alcoholic alternatives, and broader economic factors that may influence purchasing power and consumption behaviors.
