From 2014 to 2023, the alcoholic beverages market in Egypt experienced various fluctuations. The market decreased notably from 2015 to 2016 by -8.85%, followed by a significant recovery in 2018 with a 23.08% year-on-year increase. However, recent years have shown more stability, with a slight increment in 2023 of 0.81% compared to 2022. The average annual variation (CAGR) over the last five years is -0.47%, indicating a slight overall decline.
Looking forward, the forecasted data from 2024 to 2028 suggests a gradual increase, with a projected 5-year CAGR of 0.54%, resulting in an estimated 2.73% growth over this period. In 2023, the market stood at 125.0 thousand metric tons.
Future trends to watch for include potential impacts of economic conditions, regulatory changes, and shifts in consumer preferences towards premium or alternative alcoholic products. Monitoring these factors will be crucial for understanding market dynamics in the coming years.
