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How the latest turn in the supply-demand cycle will shape the future for tequila – Category Intel

Stephen Beaumont
Last updated: 14/05/2024 at 1:18 PM
By Stephen Beaumont
14 May 2024
11 Min Read

After years of dynamic growth in North America, some commentators believe tequila’s fortunes are turning. Producers, however, are unconcerned.


Agave fields in Jalisco, Mexico
Credit: Jorge Murguia Fotografia/iStock
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You don’t need to be an agave expert or even an aficionado to know that tequila has been on a roll of late. While there are some concerns regarding the 4.2% drop in tequila production in 2023 - more on this later - the category has been on fire since at least 2017, more than doubling in size over the last six years, according to data from industry body Cámara Nacional de la Industria Tequilera (CNIT).Coupled with this impressive growth has been a seemingly sustainable premiumisation trend that has seen strong increases in the volumes of the premium, super-premium and super-premium-plus segm

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