Europe: Vermouth Market 2024

Vermouth Market Size in Europe

In 2022, the Europe vermouth market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption saw a mild slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vermouth Production in Europe

In value terms, vermouth production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Vermouth Exports

Exports in Europe

In 2022, overseas shipments of vermouth increased by X% to X litres, rising for the third consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, vermouth exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Italy (X litres) was the main exporter of vermouth, committing X% of total exports. It was distantly followed by Spain (X litres), France (X litres), Germany (X litres) and Latvia (X litres), together comprising a X% share of total exports. The following exporters - Bulgaria (X litres) and Belgium (X litres) - each resulted at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest vermouth supplying countries in Europe were Italy ($X), France ($X) and Spain ($X), with a combined X% share of total exports. Latvia, Germany, Belgium and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 Europe stood at $X per litre in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Vermouth Imports

Imports in Europe

In 2022, approx. X litres of vermouth were imported in Europe; rising by X% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vermouth imports rose modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X litres), Germany (X litres), Poland (X litres), Russia (X litres), Latvia (X litres), Spain (X litres), Belgium (X litres) and the UK (X litres) represented roughly X% of total imports in 2022. The Netherlands (X litres), Portugal (X litres), Switzerland (X litres), the Czech Republic (X litres) and Sweden (X litres) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vermouth importing markets in Europe were Germany ($X), Russia ($X) and Spain ($X), with a combined X% share of total imports. France, Poland, the UK, Belgium, Latvia, the Netherlands, Portugal, Switzerland, Sweden and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per litre in 2022, waning by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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