The import volume of distilled alcoholic beverages in Brazil has shown considerable fluctuation over the past decade. From 2014 to 2023, the volume has seen some significant variances. Notably, the import volume dipped sharply in 2016 by 20.45% but rebounded strongly in 2017 with an 80% increase. More recently, the volume of imports grew by 1.64% in both 2022 and 2023, reaching 62 thousand metric tons in 2023. Looking at the last five years, the compound annual growth rate (CAGR) averaged 2.06%, indicating steady growth over this period.
Looking forward, forecasted data suggests a continued upward trend in import volumes, though the annual growth rate is expected to moderate. The CAGR for the next five years is projected at 1.45%, with a total predicted growth rate of 7.49% by 2028.
Future trends to watch for:
- Influence of emerging market policies on import regulations.
- Changes in consumer preferences and purchasing power.
- Impact of global trade relations on supply chains.
- Potential rise in local production affecting import demand.