The alcoholic beverages market in Indonesia has experienced fluctuations over recent years with volume peaking at 306 thousand metric tons in 2014 and gradually declining to 226 thousand metric tons in 2023. Despite some recovery in 2021, the overall trend has been downward. Year-on-year, the market showed a -1.74% variation in 2023 with a 5-year CAGR of -2.08% from 2018 to 2023. This indicates a consistent decline in market volume over the past years.
Looking ahead, the forecast suggests continued contraction with a projected 5-year CAGR of -1.6%, resulting in a further decreased volume of 204.26 thousand metric tons by 2028. Future trends to watch for include potential market stabilization and shifts in consumer preferences which may impact market dynamics.
