The import of Gin and Geneva to Spain showed varying trends in actual and forecast values. The actual data from 2023 stands at 101.19 Million US Dollars. Year-on-year, the forecast values indicate a gradual decline: 2024 remains at 101.19 Million US Dollars, 2025 drops by approximately 2.25% to 98.93 Million US Dollars, 2026 further decreases by around 2.23% to 96.719 Million US Dollars, 2027 shows a decline of about 2.24% to 94.553 Million US Dollars, and 2028 forecasts a decrease of roughly 2.25% to 92.43 Million US Dollars.
The compounded annual growth rate (CAGR) over the five-year period forecasts an average decrease of around 2.24% per year.
Future trends to watch for include shifts in consumer preferences towards local and artisanal products, potential tariff changes, and the impact of economic fluctuations on import activities. Monitoring changes in domestic production capacities and emerging competitors in the global market will be crucial.
