The export of whiskies from China has shown considerable growth from 2013 to 2023. The value stood at 6,583.5 thousand USD in 2023, with notable fluctuations in year-on-year growth. Despite a few years of decline or stagnation, the overall trend indicates robust growth with exports increasingly valued, particularly peaking between 2013 and 2018.
The recent data suggests the following trends:
- From 2021 to 2022, there was a 5.53% increase, while the following year's growth was slightly lower at 5.14%.
- The latest Compound Annual Growth Rate (CAGR) over the last 5 years is 4.23%, showing a more moderate but stable growth pattern.
- Forecasted data from 2024 to 2028 predicts a 5-year CAGR of 3.56%, implying continued but gradual growth.
Future trends to watch include the strengthening of China’s branding and marketing efforts in new markets, potential shifts due to trade policies, and the impact of global economic conditions on luxury goods consumption.
