The distilled alcoholic beverages import volume in Argentina stood at 11.0 thousand metric tons in 2023, maintaining the same level since 2018. Over the past decade, the import volume has displayed a mixed trend with significant year-on-year variations. Between 2014 and 2017, the import volume experienced some volatility, marked by a notable 30% drop in 2015 and subsequent recoveries. The volume leveled out from 2018 onward, aside from a dip in 2020. Observing a 5-year compound annual growth rate (CAGR) of just 0.58% from 2024 to 2028, it is evident that the market is stabilizing.
Future trends to watch for include potential shifts due to changing consumer preferences, economic conditions, and potential regulatory changes affecting imports. As the market stabilizes, watch for innovations in product offerings and marketing to drive consumer interest in imported distilled spirits.