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  • PassportSpirits - in - Colombia - Context 07.2022

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    Jimenez Vargas Jorge Antonio
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    The document provides an overview of the spirits market in Colombia. It shows that the total volume of spirits consumed in Colombia grew from 800,000 liters in 2007 to 1,000,000 liters in 2021, though growth is forecast to be slow at 0.1% annually to 2026. Spirits consumption in Colombia lags other markets in Latin America. Socioeconomic indicators for Colombia show average population and household income growth compared to other countries, along with rapid increases in internet and mobile internet users in recent years.

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    The document provides an overview of the spirits market in Colombia. It shows that the total volume of spirits consumed in Colombia grew from 800,000 liters in 2007 to 1,000,000 liters in 2021, though growth is forecast to be slow at 0.1% annually to 2026. Spirits consumption in Colombia lags other markets in Latin America. Socioeconomic indicators for Colombia show average population and household income growth compared to other countries, along with rapid increases in internet and mobile internet users in recent years.

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    © All Rights Reserved
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    7 views2 pages

    PassportSpirits - in - Colombia - Context 07.2022

    Uploaded by

    Jimenez Vargas Jorge Antonio
    The document provides an overview of the spirits market in Colombia. It shows that the total volume of spirits consumed in Colombia grew from 800,000 liters in 2007 to 1,000,000 liters in 2021, though growth is forecast to be slow at 0.1% annually to 2026. Spirits consumption in Colombia lags other markets in Latin America. Socioeconomic indicators for Colombia show average population and household income growth compared to other countries, along with rapid increases in internet and mobile internet users in recent years.

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    © All Rights Reserved
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    of 2

    SPIRITS IN COLOMBIA - CONTEXT

    Country Report | Jul 2022

    International Context

    Spirits Retail Sales by Region Spirits in Colombia


    Total Volume - '000 litres - 2021 Total Volume - '000 litres - 2007-2026

    19.853.266
    World
    1.000.000

    Asia Pacific 10.921.569 800.000


    Australasia 94.560

    Eastern Europe 2.160.702 600.000

    Latin America 1.627.340

    Middle East and Africa 767.540 400.000

    North America 2.416.742


    200.000
    Western Europe 1.864.813

    0
    2007 2021 2026

    Spirits in Colombia Other Markets in Latin America

    Market Size - '000 litres - 2021 Per Capita - litres - 2021 Forecast Growth - CAGR% - 2021-2026
    90.103,7 1,8 0,1%
    77th percentile 40th percentile 16th percentile

    FMCG Index

    Spirits vs Selected FMCG Industries


    300
    Category
    Spirits
    250
    Industry
    Alcoholic Drinks
    200
    2015 = 100

    Selected Basket of Industries

    150 Packaged Food

    Soft Drinks
    100 Home Care

    Beauty and Personal Care


    50
    2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

    © Euromonitor Interna onal 2022 Page 1 of 2


    Socioeconomic Context

    Population Growth Index Colombia vs Other Geographies


    Population Growth Index 2005-2040 Rank out of 210

    140 Actuals
    2021, '000
    51.276,7
    130 Rank 29

    120 Historic Growth


    2005 = 100

    2005-2021 CAGR
    1,2%
    110 Rank 108

    100
    Forecast Growth
    2021-2040 CAGR
    0,4%
    90
    2005 2021 2040 Rank 133

    Colombia Latin America World

    Households with a Disposable Income Over Households with a Disposable Income Over Number of Internet Subscribers Number of Mobile Internet Subscribers
    USD25,000 - Colombia USD25,000 - Bogota

    Actuals - '000 - 2021 Actuals - '000 - 2021 Actuals - '000 - 2021 Actuals - '000 - 2021
    2203,5 1084,8 45.478,8 34.306,6
    64th percentile 93rd percentile 84th percentile 83rd percentile

    Historic Growth Historic Growth Historic Growth Historic Growth


    2016-2021 CAGR 2016-2021 CAGR 2016-2021 CAGR 2016-2021 CAGR
    3,7% 4,9% 6,1% 8,5%
    62nd percentile 80th percentile 35th percentile 46th percentile

    Forecast Growth Forecast Growth Forecast Growth Forecast Growth


    2021-2026 CAGR 2021-2026 CAGR 2021-2026 CAGR 2021-2026 CAGR
    4,4% 4,5% 4,7% 6,7%
    62nd percentile 71s t percentile 49th percentile 54th percentile

    © Euromonitor Interna onal 2022 Page 2 of 2

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