In 2023, the export volume of alcoholic beverages in the Philippines stood at 8.0 thousand metric tons. The forecasted export volumes are expected to reach 8.1 thousand metric tons in 2024, 8.2 in 2025, 8.3 in 2026, and 8.4 in both 2027 and 2028. The year-on-year variation from 2023 to 2024 is approximately 1.25%, followed by consistent 1.23% increases in subsequent years up to 2027. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be modest.
Future trends to watch for include shifts in global consumer preferences, potential trade agreements impacting export capabilities, and innovations in the alcoholic beverage industry that may affect production and export volumes. Monitoring these factors will provide a better understanding of the dynamics affecting the growth trajectory in this sector.