CIS: Vermouth Market 2024

Vermouth Market Size in CIS

The CIS vermouth market soared to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a slight reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vermouth Production in CIS

In value terms, vermouth production rose markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Vermouth Exports

Exports in CIS

In 2022, shipments abroad of vermouth decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X litres in 2021, and then contracted in the following year.

In value terms, vermouth exports expanded slightly to $X in 2022. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Moldova was the largest exporting country with an export of about X litres, which finished at X% of total exports. It was distantly followed by Russia (X litres) and Belarus (X litres), together comprising a X% share of total exports. The following exporters - Uzbekistan (X litres) and Kazakhstan (X litres) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to vermouth exports from Moldova stood at X%. At the same time, Russia (X%), Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Belarus (X p.p.), Uzbekistan (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Moldova (X p.p.) displayed negative dynamics.

In value terms, the largest vermouth supplying countries in the CIS were Moldova ($X), Belarus ($X) and Russia ($X), together comprising X% of total exports.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per litre in 2022, surging by X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per litre), while Russia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Vermouth Imports

Imports in CIS

For the fourth consecutive year, the CIS recorded growth in overseas purchases of vermouth, which increased by X% to X litres in 2022. Over the period under review, imports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vermouth imports soared to $X in 2022. In general, imports recorded a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in imports structure, recording X litres, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X litres), generating an X% share of total imports. Belarus (X litres) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vermouth imports into Russia stood at X%. At the same time, Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan and Belarus increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported vermouth in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per litre, picking up by X% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vermouth import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per litre), while Kazakhstan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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