The forecasted per capita volume of distilled alcoholic beverages in Vietnam is expected to experience a steady decline from 2024 to 2028. From 2023, where the volume stood at 2.65 kg per capita, each subsequent year shows a decrease: 2.56 kg in 2024, 2.47 kg in 2025, 2.39 kg in 2026, 2.31 kg in 2027, and finally 2.24 kg in 2028.
Year-on-year variation percentages indicate a consistent downward trend:
- -3.40% from 2023 to 2024
- -3.52% from 2024 to 2025
- -3.24% from 2025 to 2026
- -3.35% from 2026 to 2027
- -3.03% from 2027 to 2028
The compound annual growth rate (CAGR) for the period 2024-2028 is -3.31%, reflecting a consistent year-on-year decline.
Future trends to watch for include potential regulatory changes affecting alcohol distribution and consumption, shifts in consumer preferences towards lower-alcohol beverages or alternative spirits, and economic factors that might impact disposable income and spending on luxury goods including premium alcoholic beverages.
