The export volume of distilled alcoholic beverages in Mexico displayed fluctuations over the past decade, standing at 245.0 Thousand Metric Tons in 2023. Year-on-year variations include notable declines like the -15.94% in 2020 and significant increases such as the 22.01% surge in 2021. Over the last two years, the export volume saw marginal growth, culminating in a 2023 figure just 0.82% higher than the previous year. The CAGR over the last five years was a moderate 0.67%, underscoring a steady but slow growth trend.
Moving forward, forecasted data from 2024 suggests a gradual increase in export volume. By 2028, the export volume is expected to reach 258.8 Thousand Metric Tons, driven by an average annual growth rate (CAGR) of 0.85% over the next five years. This represents an overall forecasted growth rate of 4.35% from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of global economic conditions on trade.
- Changes in consumer preferences towards distilled beverages.
- Regulatory shifts affecting export policies and tariffs.