The forecast for distilleries closing inventories in Canada shows a gradually increasing trend. In 2023, the inventory value stood at CAD 439.04 million. Historical data reveals significant fluctuations, including a notable drop in 2017 but a rebound thereafter. The period between 2018 and 2023 saw a consistent annual growth, with a Compound Annual Growth Rate (CAGR) of 2.51% during these years. The recent year-to-year growths of 1.92% (2022) and 1.87% (2023) illustrate stability in the market.

Future trends to watch for:

The forecasted 5-year CAGR from 2024 to 2028 is 1.35%, indicating continued modest growth.
By 2028, the inventory value is expected to reach CAD 478.09 million, a 6.95% increase from 2023.
Fluctuating demand and supply factors, including shifts in consumer preferences and regulatory changes, may impact future inventory levels.