Forecast: Distilled Alcoholic Beverages Production in Chile

The production of distilled alcoholic beverages in Chile has experienced notable fluctuations from 2014 to 2023. In 2023, production stood at 21.0 thousand metric tons, reflecting no change from the previous year. From 2014 to 2023, the sector saw a peak in 2015 followed by a steep decline, particularly between 2017 and 2018, with major drops of 13.79% and 16% respectively. The Compound Annual Growth Rate (CAGR) over the last five years is -3.43%, indicating a gradual decline.

For the future, the forecast indicates a continuous decrease in production, with a 1.3% annual decline expected until 2028. With a total decrease of 6.31%, stakeholders should focus on strategies to reverse this trend or capitalize on shifts in market preferences. Future trends to watch include changes in consumer behavior, potential innovations in production technology, and impacts of regulatory changes.