The production of alcoholic beverages in China has shown a decline from 67.08 million metric tons in 2014 to 51.41 million metric tons in 2023. This represents a negative growth trend, with notable fluctuations such as a sharp decrease of 18.44% in 2020 and a significant rebound of 18.4% in 2021. The compound annual growth rate (CAGR) over the past five years is -1.07%.
Looking ahead, forecasts indicate a continued decline in production, with an anticipated decrease to 46.72 million metric tons by 2028. The forecasted 5-year CAGR is -1.51%, suggesting a cumulative drop of 7.34% over this period. Key trends to watch include potential changes in consumer preferences, regulatory impacts, and shifts in economic conditions that could either mitigate or exacerbate this decline.
- Year 2023: 51.41 million metric tons
- Forecast 2028: 46.72 million metric tons
- 2023 Year-on-Year Variation: -1.72%
- Last 5-Year CAGR: -1.07%
- Forecast 5-Year CAGR: -1.51%
