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| Year | Sales, in billion CAD |
|---|---|
| 2023 | 9.34 |
| 2022 | 8.97 |
| 2021 | 9.19 |
| 2020 | 9.32 |
| 2019 | 9.38 |
| 2018 | 9.20 |
| 2017 | 9.13 |
| 2016 | 9.07 |
| 2015 | 8.99 |
| 2014 | 8.69 |
| 2013 | 8.70 |
| 2012 | 8.69 |
- Region: Canada
- Time period: 2012 to 2023
- Published: Mar 2024
Data Analysis and Insights
Highest and Lowest Sales
2019 saw the peak of Canadian beer dollar sales over the last decade, reaching 9.38 billion CAD, while 2012 and 2013 recorded the lowest figures at 8.69 billion CAD. The marginal difference between the highest and lowest sales illustrates a relatively stable market with fluctuations within a narrow range.Trend of Growth in Recent Years
After a slight dip in sales in 2021 to 9.19 billion CAD, the market showed a modest recovery, culminating in 2023 with sales of 9.34 billion CAD. This recovery indicates resilience and a gradual return to pre-pandemic sales levels, showcasing the industry's ability to bounce back.Impact of the Pandemic
The pandemic years, notably 2020 and 2021, saw a slight decrease in sales, with 2020 recording 9.32 billion CAD and 2021 further declining to 9.19 billion CAD. These years reflect the challenges faced by the beer industry amid global disruptions, marking a period of uncertainty and adaptation.Decade-Long Sales Stability
Over the past decade, Canadian beer dollar sales have demonstrated remarkable stability, with yearly sales consistently hovering around the 9 billion CAD mark. This stability, amidst various economic and global challenges, underscores the steady demand for beer in Canada.Annual Growth Insights
The period from 2014 to 2023 showcased a general trend of growth, with sales increasing from 8.69 billion CAD to 9.34 billion CAD. Despite minor fluctuations, this upward trajectory highlights the industry's resilience and gradual expansion over the years.Year-to-Year Variations
Annual sales figures reveal minor year-to-year variations, with the most significant increase observed between 2014 and 2015, where sales grew by 0.30 billion CAD. These fluctuations indicate a dynamic market, responsive to a variety of influencing factors from economic conditions to consumer trends.Frequently Asked Questions
What were the highest and lowest beer sales in Canada over the last decade?
The highest sales were in 2019 at 9.38 billion CAD, while the lowest were in 2012 and 2013 at 8.69 billion CAD.
Terms and Definitions
Sales value is a measure of the total revenue generated through the sales of a product or service. It gives an accurate picture of the performance of a product on the market, by reflecting the price at which goods are sold, and not just the number of units sold.
Beer is a type of alcoholic beverage typically made from malted cereals, water, and yeast, usually flavored with hops. Different varieties and styles of beer are produced worldwide, with diverse flavors, alcohol content, and brewing traditions.
Sales trend is a pattern in sales usually observed in a series of data over a period. It helps analyze whether sales are increasing or decreasing over time. Looking at sales trends for beer in Canada can help predict future sales and evaluate market strategy efficiency.
The beer industry refers to the sector involved in the production, distribution, and sale of beer. It encompasses a wide range of stakeholders including breweries, wholesalers, retailers, and regulatory bodies.
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