The import volume of whiskies to China displayed considerable fluctuations from 2013 to 2023, with peaks and troughs in various years. In 2023, the volume stood at 19.036 million kilograms. The past two years showed moderate growth with year-on-year variations of 2.21% and 2.12% respectively. The five-year CAGR from 2019 to 2023 is relatively stable at 1.58%. Future forecasts indicate continuous growth with a projected CAGR of 1.62% for the next five years, leading to an 8.36% increase by 2028.
Future trends to watch for:
- Increasing demand for premium and high-quality whiskies.
- Impact of changing trade policies and tariffs.
- Evolving consumer preferences influenced by global trends.
- Potential expansion of e-commerce channels for whisky distribution.
