The turnover in the Spirits sector in Germany experienced notable fluctuations from 2013 to 2023. In 2023, the turnover stood at 2.63 Billion Euros. The sector saw peaks in 2014 with a significant year-on-year increase of 23.06% and a decline in 2015 of -24.56%. The following years displayed a mix of minor growth and declines, with a notable drop of -14.74% in 2020. From 2022 to 2023, the turnover increased by 1.84%, while the sector exhibited a general declining trend with a 5-year CAGR of -0.94% forecasted up to 2028.
Future trends to watch for:
- Monitoring the impact of consumer preferences shifting toward premium and craft spirits.
- Tracking regulatory changes and their potential effects on the market.
- Observing technological advancements in production and distribution.