Global Vermouth Market 2020 - U.S. is the World's Largest Importer of Vermouth - Global Trade Magazine
  April 9th, 2020 | Written by

Global Vermouth Market 2020 – U.S. is the World’s Largest Importer of Vermouth

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  • In 2018, the amount of vermouth imported worldwide amounted to 262M liters.
  • Italy represented the major exporter of vermouth exported in the world, with the volume of exports recording 112M liters

IndexBox has just published a new report: ‘World – Vermouth – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

Exports 2013-2018

In 2018, approx. 259M litres of vermouth were exported worldwide; shrinking by -4.1% against the previous year. In general, vermouth exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.1% y-o-y. In that year, global vermouth exports attained their peak of 270M litres, and then declined slightly in the following year.

In value terms, vermouth exports amounted to $494M (IndexBox estimates) in 2018.

Exports by Country

Italy represented the major exporter of vermouth exported in the world, with the volume of exports recording 112M litres, which was near 43% of total exports in 2018. It was distantly followed by Spain (64M litres), Germany (29M litres) and France (20M litres), together constituting a 44% share of total exports. The U.S. (6.4M litres) held a minor share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while exports for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($205M) remains the largest vermouth supplier worldwide, comprising 41% of global exports. The second position in the ranking was occupied by Spain ($97M), with a 20% share of global exports. It was followed by France, with a 11% share.

Export Prices by Country

The average vermouth export price stood at $1.9 per litre in 2018, growing by 12% against the previous year. Overall, the vermouth export price, however, continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% year-to-year. The global export price peaked at $2.1 per litre in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($2.7 per litre), while Spain ($1.5 per litre) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced a decline in the export price figures.

Imports 2013-2018

In 2018, the amount of vermouth imported worldwide amounted to 262M litres, approximately mirroring the previous year.

In value terms, vermouth imports amounted to $502M (IndexBox estimates) in 2018.

Imports by Country

The countries with the highest levels of vermouth imports in 2018 were France (32M litres), the U.S. (25M litres), Germany (23M litres), Russia (18M litres), the UK (17M litres), Belgium (17M litres), Spain (17M litres), Poland (12M litres), the Netherlands (9.1M litres), Portugal (7.5M litres) and the Czech Republic (7.3M litres), together accounting for 71% of total import. Switzerland (4.1M litres) followed a long way behind the leaders.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Spain, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($59M), France ($49M) and Germany ($45M) were the countries with the highest levels of imports in 2018, together accounting for 30% of global imports. These countries were followed by Belgium, Russia, Poland, the UK, Spain, the Netherlands, Portugal, the Czech Republic and Switzerland, which together accounted for a further 38%.

Import Prices by Country

The average vermouth import price stood at $1.9 per litre in 2018, coming down by -3.6% against the previous year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Switzerland ($2.5 per litre), while the Czech Republic ($1.4 per litre) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform