The import volume of distilled alcoholic beverages in Vietnam has shown moderate fluctuations over the years. From 2014 to 2020, the import volume varied slightly, with a peak in 2018 at 33.0 thousand metric tons and a low in 2020 at 31.35 thousand metric tons. In the last three years (2021-2023), the volume has stabilized at 33.0 thousand metric tons. The year-on-year variations have been minimal, with a 0% change recorded for 2023, similar to the previous year. The compound annual growth rate (CAGR) over the past five years is 1.92%, indicative of modest growth.
Looking forward, the forecast indicates a slight increase in import volumes, with a CAGR of 0.44% over the next five years, reaching 34.0 thousand metric tons by 2028. This steady growth suggests sustained demand, although the growth rate remains conservative.
Future trends to watch for include:
- Potential impacts of regulatory changes on import policies.
- Shifts in consumer preferences and potential rise in premium or artisanal spirits.
- Economic conditions influencing disposable incomes and spending patterns on luxury goods.