South Africa's beer export volume peaked at 103.0 Thousand Metric Tons in 2014 and experienced significant fluctuations over the past decade. The lowest point was in 2017 with 73.0 Thousand Metric Tons. From 2021 to 2023, the volume stabilized around 90.0 Thousand Metric Tons, showing no year-on-year variation in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -1.89%.
Future trends to watch for:
- The forecast indicates a minor decrease in beer export volume, with a 5-year CAGR of -0.42%, leading to a projected export volume of 87.53 Thousand Metric Tons by 2028.
- Ongoing global economic conditions and local production capacities could impact the export performance.
- Monitoring consumer preferences, regulatory changes, and competitive dynamics in the global beer market will be crucial for anticipating future trends.
