In 2023, imported beer sales in Canada stood at 191.08 million liters. Forecasted data indicates a significant downward trend from 152.9 million liters in 2024 to 10.29 million liters by 2028. This represents a year-on-year decline of 23.6% from 2024 to 2025, 30.7% from 2025 to 2026, 43.8% from 2026 to 2027, and a dramatic 77.4% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is notably negative, showing an average annual decline of approximately 40.4%.
Future trends to watch for include shifts in consumer preferences toward local craft beers, changes in import tariffs, and potential regulatory impacts on alcoholic beverage imports. Additionally, economic factors and the impact of health trends promoting lower alcohol consumption could further influence the market dynamics.
