Canadian vodka sales in Canada have demonstrated a varied trend from 2013 to 2023. The market saw a slight decline from 2013 to 2014, stabilizing around 26.66 million liters in 2015. A noteworthy upward trend began in 2016, with year-on-year growth accelerating from 2018 onwards. By 2023, the volume reached 34.13 million liters, marking a 3.81% increase over the previous year. The five-year CAGR from 2018 to 2023 was 3.91%, indicating robust market growth.
- 2013-2017: Fluctuating sales with an overall slight decline.
- 2018-2023: Significant growth, marked by consistent year-on-year increases.
Forecasts predict the upward trend will continue, with sales expected to reach 39.1 million liters by 2028. This reflects a forecasted five-year CAGR of 2.07% and a total growth rate of 10.76% from 2024 to 2028.
Future trends to watch for include market responses to economic shifts, evolving consumer preferences favoring premium and craft vodkas, and potential impacts of regulatory changes on alcohol sales.