The output of beverages in Australia, measured in Billion Australian Dollars, has shown varied trends from 2013 to 2023. As of 2023, the output stands at 16.77 billion AUD. Over the past decade, the market experienced periods of decline and slight growth. Significant decreases were observed in 2014 (-5.11%) and 2015 (-6.15%), followed by a rebound in 2016 (+4.37%). More recent years have seen minor fluctuations, with modest increases and decreases, such as in 2020 (+5.91%) and 2023 (-0.43%). From 2019 to 2023, the market exhibited low volatility, resulting in a moderate five-year CAGR of approximately 0.61%.
Future trends to watch for include potential decreases in output, with a forecasted five-year CAGR of -0.33% from 2024 to 2028. This indicates a slight contraction in the market. Factors to monitor include consumer behavior changes, potential shifts towards healthier beverage options, regulatory impacts, and economic conditions affecting purchasing power and production costs. The market may also see innovations and investments in sustainability that could reshape output dynamics.
