In 2023, Australia’s alcoholic beverages export volume stood at 925.00 thousand metric tons. The forecasted data from 2024 to 2028 indicate a steady decline in export volumes. In 2024, the volume is 919.22 thousand metric tons, decreasing year-on-year to 896.91 thousand metric tons by 2028.
Year-on-year variations are:
- 2024: -0.62%
- 2025: -0.62%
- 2026: -0.62%
- 2027: -0.61%
- 2028: -0.60%
Over the last two years, this represents a cumulative decline of approximately 1.24%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is -0.61% per year.
For future trends, it is crucial to watch factors such as governmental trade policies, potential market diversification, and economic conditions both domestically and globally. Changes in consumer preferences towards artisanal and premium beverage categories might also influence export dynamics.