Between 2014 and 2023, the demand for alcoholic beverages in Sweden, expressed in Thousand Metric Tons, has shown notable fluctuations. The demand peaked in 2014 at 1020.0 thousand metric tons and the lowest point was in 2020 at 789.33 thousand metric tons, likely influenced by the COVID-19 pandemic. The year-on-year variation has been turbulent, with a sharp decline in 2020 followed by a recovery in 2021 and steady growth until 2022. Despite minor fluctuations, a slight downward trend can be observed from 2014 to 2023, with a CAGR of -0.67% over the last 5 years.
From 2024 onwards, forecasts indicate a continuing decline in demand, with the value expected to reach 917.86 thousand metric tons by 2028. The 5-year forecasted CAGR is -0.31%, showing a moderate decline.
Future trends to watch for include potential changes in consumer behavior, shifts in regulatory frameworks, and the introduction of new alcoholic and non-alcoholic alternatives that could impact the overall market demand. Additionally, economic factors and public health campaigns focusing on reduced alcohol consumption may further influence the demand trajectory.
