Analysis of Canadian Rum Sales indicates a projected decline from 2024 through 2028. The forecast shows volumes decreasing from 16.8 million liters in 2024 to 14.98 million liters by 2028. Comparing the year-on-year variations: a 2.98% decline in both 2025 and 2026, followed by a decrease of 2.78% in 2027, and 2.66% in 2028. The compound annual growth rate over this period suggests an average annual decline.
Future trends to watch for include potential impacts from demographic shifts, health trends affecting alcohol consumption, and changes in consumer preferences that could reshape the rum market in Canada.
