In 2023, spirits consumption per capita in China stood at 2.62 liters of pure alcohol. Forecasted data suggests a gradual decline in per capita consumption over the next five years: 2.58 liters in 2024, 2.54 liters in 2025, 2.5 liters in 2026, 2.46 liters in 2027, and 2.42 liters in 2028. Year-on-year, this reflects a consistent decline.
Variations:
- From 2023 to 2024: -1.53%
- From 2024 to 2025: -1.55%
- From 2025 to 2026: -1.57%
- From 2026 to 2027: -1.60%
- From 2027 to 2028: -1.63%
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 indicates an average annual decrease of -1.57% in per capita spirits consumption.
Future trends to watch for include shifts in consumer preferences towards lower-alcohol beverages or non-alcoholic alternatives, potential regulatory changes, and the impact of economic factors on disposable income which could further influence consumption patterns in the spirits market.
