The forecast for Australia's alcoholic beverages import volume shows a declining trend from 2024 to 2028. In 2023, the import volume stood at 495.88 thousand metric tons. Looking into the forecasts, there is a consistent year-on-year decrease:
- 2024: 2.8% decline
- 2025: 2.9% decline
- 2026: 2.9% decline
- 2027: 2.9% decline
- 2028: 3.0% decline
From 2024 to 2028, the compound annual growth rate (CAGR) shows an average annual decrease of 3.0% in import volume. This trend suggests a steady reduction in imported alcoholic beverage volumes over the next five years.
Looking ahead, future trends to watch for include changes in consumer preferences towards locally produced beverages, potential regulatory changes affecting imports, and possible impacts of sustainability practices within the beverage industry. Monitoring these factors could help anticipate further adjustments in import volumes.