The production of distilled alcoholic beverages in Spain has shown significant fluctuations over the years. From a high of 171.0 thousand metric tons in 2015, production dropped to a low of 103.75 thousand metric tons in 2020, primarily due to the pandemic's impact. The production partially rebounded to 122.0 thousand metric tons by 2022, but saw a slight decline to 120.0 thousand metric tons in 2023. The year-on-year variation in 2023 was a negative 1.64%, and the compound annual growth rate (CAGR) for the last five years was -1.28%. Production is forecasted to continue its decline, reaching 111.75 thousand metric tons by 2028, with a forecasted 5-year CAGR of -1.08%.
Future trends to watch for include:
- Impact of changing consumer preferences towards healthier or non-alcoholic alternatives
- Regulatory changes in the alcohol industry within the European Union
- Economic conditions influencing domestic and export demand for distilled beverages
- Technological advancements in production processes
