The imported vodka market in Canada has shown a varied performance from 2013 onward. In 2023, volume sales stood at 20.41 million liters, marking a 9.81% year-on-year increase from the previous year. Looking deeper, the last five years demonstrated a slightly positive CAGR of 2.3%, reflecting moderate but consistent growth except for a notable dip in 2022. Forecasts from 2024 onwards suggest a steadier but lower CAGR of 0.9%, with an expected gradual increase in volume reaching 21.6 million liters by 2028, a total growth rate of 4.59% over the next five years.
Future trends to watch for:
- Consumer preferences shifting towards premium and craft vodka.
- Potential impact of economic factors on imported goods demand.
- Growth in the online and direct-to-consumer sales channels.
