In 2023, the import volume of distilled alcoholic beverages in the Philippines stood at 89.25 thousand metric tons. The forecasted values indicate a consistent upward trend from 2024 to 2028: 92.34 thousand metric tons in 2024, 95.63 in 2025, 98.84 in 2026, 102.0 in 2027, and 105.09 in 2028. This consistent increase represents a year-on-year growth of:
• 3.5% from 2023 to 2024
• 3.6% from 2024 to 2025
• 3.4% from 2025 to 2026
• 3.2% from 2026 to 2027
• 3.0% from 2027 to 2028
The compound annual growth rate (CAGR) over this five-year period is approximately 3.33%.
Future trends to watch for include shifts in consumer preferences, changes in import regulations, and potential supply chain disruptions which could impact import volumes. Additionally, economic conditions and evolving market dynamics in the Philippines will play crucial roles in shaping these forecasts.