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Alcoholic Drinks - Timor-Leste

Timor-Leste
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Alcoholic Drinks market amounts to US$5.9m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$6.3m in 2024.
  • Revenue, combined amounts to US$12.3m in 2024.
  • The revenue, at home is expected to grow annually by 1.53% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated China (US$208bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$4.30 are generated in 2024.
  • In the Alcoholic Drinks market, volume, at home is expected to amount to 4.4m L by 2024.
  • Volume, out-of-home is expected to amount to 1.8m L in 2024.
  • Volume, combined is expected to amount to 6.3m L in 2024.
  • The Alcoholic Drinks market is expected to show a volume growth, at home of -2.4% in 2025.0.
  • The average volume per person, at home in the Alcoholic Drinks market is expected to amount to 3.22L in 2024.

Definition:

The Alcoholic Drinks market includes all alcoholic beverages that are produced by fermentation or distillation.

Structure:

The Alcoholic Drinks market is divided into 5 markets:

  • The Beer market encompasses fermented beverages based on malt. The Beer market is further divided into the markets Alcoholic Beer and Non-Alcoholic Beer.
  • The Spirits market encompasses alcoholic beverages that are produced through the distillation of wine, fermented fruits, or grains. It contains the Whisky, Vodka, Rum, Gin, Brandy, Soju, Tequila, and Liqueurs & Other Spirits markets.
  • The Wine market encompasses all fermented juices made from grapes. The Wine market is further divided into Still Wine (Red Wine, White Wine, and Rosé Wine), Sparkling Wine, and Fortified Wine.
  • The Cider, Perry & Rice Wine market encompass all wines made from fruits other than grapes, grains, or other plants.
  • The Hard Seltzer market encompasses alcoholic beverages made with carbonated water, alcohol, and often fruit flavoring.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

Key players include Anheuser-Busch InBev (e.g., Corona, Bud Light, and Michelob), Diageo (e.g., Johnnie Walker, Guinness, and Tanqueray), Heineken, and Molson Coors.

In-Scope

  • Alcoholic & Non-Alcoholic Beer
  • Wine
  • Spirits
  • Cider, Perry and Rice Wines
  • Hard Seltzer

Out-Of-Scope

  • Non-Alcoholic Beverages derived from Wine or Spirits
Alcoholic Drinks: market data & analysis - Cover

Market Insights Report

Alcoholic Drinks: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Price

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Alcoholic Drinks market in Timor-Leste is experiencing steady growth due to changing customer preferences and favorable macroeconomic factors. Customer preferences in the Alcoholic Drinks market in Timor-Leste have shifted towards premium and craft beverages. Consumers are increasingly seeking unique and high-quality products, driven by a desire for new and exciting drinking experiences. This trend is in line with global preferences, as consumers worldwide are becoming more discerning and willing to explore different flavors and brands. As a result, there has been an increase in the demand for premium spirits, craft beers, and artisanal wines in Timor-Leste. In addition to changing customer preferences, the Alcoholic Drinks market in Timor-Leste is also influenced by local special circumstances. Timor-Leste is a young and developing country, and its population is experiencing economic growth and an increase in disposable income. As a result, consumers are able to afford higher-priced alcoholic beverages and are willing to spend more on premium products. Furthermore, the country's tourism industry is growing, attracting international visitors who are interested in experiencing the local culture, including its traditional alcoholic beverages. This presents an opportunity for both local and international alcoholic drinks brands to cater to the preferences of tourists. The underlying macroeconomic factors in Timor-Leste are also contributing to the growth of the Alcoholic Drinks market. The country's economy is expanding, driven by investments in infrastructure and natural resources. This has led to an increase in employment opportunities and higher incomes for the population. As a result, consumers have more disposable income to spend on discretionary items such as alcoholic beverages. Furthermore, the government of Timor-Leste has implemented policies to promote domestic production and reduce dependence on imports. This has created a favorable environment for local alcoholic drinks producers, encouraging the growth of the industry. In conclusion, the Alcoholic Drinks market in Timor-Leste is developing due to changing customer preferences towards premium and craft beverages, local special circumstances such as economic growth and tourism, and favorable macroeconomic factors. As the country continues to grow and develop, it is expected that the demand for alcoholic drinks will continue to increase, providing opportunities for both local and international brands to thrive in the market.

    Methodology

    Data coverage:
    The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

    Modeling approach:
    Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

    Forecasts:
    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:
    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

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    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Alcoholic beverages industry worldwide - Statistics & Facts

    The alcoholic beverage market is recovering after several years of downturn. Larger forces like the COVID-19 pandemic, the Russian invasion of Ukraine and the ensuing inflation have either been resolved or accepted as part of the current market environment. Regional conditions vary as consumers in some areas of the world are changing their alcohol preferences while other regions are continuing to feel the effects of less discretionary spending from consumers.
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