The volume of distilled alcoholic beverages exports from Australia stood at 18 thousand metric tons in 2023, reflecting a year-on-year decrease of 5.26%. Over the past two years, the export volume decreased by 9.52% in 2022 and 5.26% in 2023. Over the last five years, the volume has shown an average annual decline (CAGR) of 1.08%.
Examining the trend over a longer period, the export volume has experienced significant fluctuations. From a peak value in 2016, a sharp decline occurred in 2018, followed by fluctuations but an overall declining trajectory through to 2023.
Future trends to watch for include the forecasted continued decline in export volume, with a forecasted 5-year CAGR of -10.62%, resulting in a projected volume of 9.12 thousand metric tons by 2028, a 42.96% reduction from 2023 levels. This suggests ongoing challenges in the international market for Australian distilled alcoholic beverages, possibly impacted by changes in international trade policies, consumer preferences, or competitive pressures.
