The whisky market size value per capita in Sweden has exhibited notable fluctuations over the past decade. Between 2012 and 2016, the market showed a gradual decrease from 9.76% in 2012 to a minimum of 7.64% in 2018. The recovery phase began in 2019, with values increasing through to 2021, peaking at 9.07%, before slightly tapering off to 8.88% in 2022.
Current year-on-year variations show an increase of 8.34% from 2020 to 2021, and a minor decline of 2.10% from 2021 to 2022. Analyzing the compound annual growth rate (CAGR) for the last five years, from 2018 to 2022, illustrates a slight negative growth, averaging a yearly decline of approximately 0.42%.
In 2023, the value stands at approximately 8.80%. Future trends in the market are expected to focus on consumer preferences shifting towards premium and artisanal whisky brands, as well as possible influences of regulatory changes and economic factors impacting disposable income.
Key trends to watch for in the Swedish whisky market include:
- Increasing demand for premium and craft whisky.
- Impact of regulations on alcohol sales and consumption.
- Economic factors affecting disposable income and spending habits.
