The import volume of distilled alcoholic beverages in Mexico stood at 89.0 thousand metric tons in 2023, representing a year-on-year increase of 1.14%. Over the past five years (2019-2023), the CAGR of the import volume was 1.16%. Historical data shows significant fluctuations, with a notable increase of 21.88% in 2015 and a sharp decline of 15% in 2020 due to external factors likely related to the COVID-19 pandemic.
Moving forward, the forecasted data indicates a steady growth trend, with a five-year CAGR of 1.21% from 2024 to 2028. This suggests a moderately optimistic outlook for the market, culminating in an import volume of 96.16 thousand metric tons by 2028, reflecting an overall forecasted growth rate of 6.2% over this period.
Future trends to watch for:
- Shifts in consumer preferences towards premium and craft distilled beverages.
- Regulatory changes and trade agreements impacting import dynamics.
- The influence of economic factors and disposable income levels on consumption patterns.
- Potential impacts of global supply chain disruptions on import volumes.