The beer market size volume in Oceania fluctuated slightly from 2014 to 2023, starting at 2.42 million metric tons in 2014 and stabilizing at 2.39 million metric tons in 2023. Year-on-year variations have shown minor decreases and increases, with the most considerable decline of -5% occurring in 2020. The Compound Annual Growth Rate (CAGR) over the last five years (2018–2023) stands at -0.29%, marking a slight declining trend.
Key trends observed over the last decade include:
- Fluctuations in annual values with minor increases and decreases from 2014 to 2023 highlight a largely stable market with no significant growth or decline.
- The most significant growth year was 2018 with a 4.97% increase, while 2020 saw the sharpest decline due to the pandemic's impact on consumption.
- The market has shown resilience by returning to the 2.39 million metric tons mark from 2021 onwards, reflecting recovery post-pandemic.
- With forecasted data from 2024 to 2028, the market volume is expected to remain constant at 2.39 million metric tons, indicating no major growth or shrinkage, as reflected by a forecasted 5-year CAGR of 0%.
Future trends to watch for include:
- Potential shifts in consumer preferences, including the rise of craft beers and low or non-alcoholic beverages.
- Regulatory changes impacting production and consumption patterns, particularly regarding health and environmental considerations.
- Economic factors influencing disposable income and hence discretionary spending on beverages.
