The import of Rum and Tafia to China is set to decrease significantly from 2024 to 2028. In 2023, imports stood at a certain level, but from 2024 onwards, forecasts predict a consistent year-on-year decline in import volumes. From 2024 to 2028, this trajectory reflects a Compound Annual Growth Rate (CAGR) reflecting an annual average decline. Such trends indicate a diminishing demand or shifting market focus over the five-year period.
Future trends to watch for:
- Potential regulatory changes affecting importation conditions.
- Shifts in consumer preferences towards other alcoholic beverages.
- Emergence of local brands and their impact on import volumes.
- Fluctuations in international trade relations that may affect price and supply.
