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France - Vermouth - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 18, 2023
Vermouth Price in France Plummets 12% to $4.1 per Litre After Three Consecutive Months of Contraction
France Vermouth Export Price in September 2022
In September 2022, the vermouth price amounted to $4.1 per litre (FOB, France), falling by -11.7% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in February 2022 an increase of 15% against the previous month. Over the period under review, the average export prices attained the peak figure at $5.1 per litre in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($7.7 per litre), while the average price for exports to Belgium ($1.9 per litre) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
France Vermouth Exports
Vermouth exports from France declined to 3M litres in September 2022, falling by -3.6% on the month before. In general, total exports indicated strong growth from January 2022 to September 2022: its volume increased at an average monthly rate of +5.7% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports increased by +10.1% against July 2022 indices. The most prominent rate of growth was recorded in March 2022 with an increase of 40% month-to-month. Over the period under review, the exports reached the maximum at 3.1M litres in August 2022, and then dropped modestly in the following month.
In value terms, vermouth exports reduced to $12M (IndexBox estimates) in September 2022. Overall, total exports indicated a prominent expansion from January 2022 to September 2022: its value increased at an average monthly rate of +7.4% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports decreased by -18.2% against June 2022 indices. The pace of growth appeared the most rapid in March 2022 when exports increased by 38% m-o-m. The exports peaked at 15M litres in June 2022; however, from July 2022 to September 2022, the exports remained at a lower figure.
France Vermouth Exports by Country
Germany (877K litres), the United States (588K litres) and the UK (414K litres) were the main destinations of vermouth exports from France, together comprising 63% of total exports. Mongolia, Belgium, Austria, the Netherlands and Canada lagged somewhat behind, together comprising a further 20%.
From January 2022 to September 2022, the biggest increases were in Mongolia (with a CAGR of +80.5%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Germany ($4.9M) remains the key foreign market for vermouth exports from France, comprising 40% of total exports. The second position in the ranking was taken by the United States ($2.4M), with a 20% share of total exports. It was followed by the UK, with a 6.6% share.
From January 2022 to September 2022, the average monthly growth rate of value to Germany stood at +2.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+18.9% per month) and the UK (+1.1% per month).
Factors Affecting Vermouth Prices
Vermouth is a fortified wine that is flavored with herbs and spices. It is typically produced in France, Italy, and Spain. Factors that can affect the price of vermouth include production costs, marketing expenses, and taxes.
The majority of vermouth producers in France use high-quality ingredients, which can be costly. For example, many producers use premium wines as a base for their vermouths. For example, wine from Bordeaux tends to be more expensive than wine from other regions. This affects the cost of vermouth production and ultimately, the price of the finished product.
In addition, the herbs and spices used to flavor vermouth can also be expensive. Furthermore, production costs can also add to the price of vermouth. For instance, some producers age their vermouths for extended periods of time, which requires more manpower and storage space.
This report provides an in-depth analysis of the vermouth market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 11041000 - Vermouth and other wine of fresh grapes flavoured with plants or aromatic substances (excluding alcohol duty)
Country coverage:
• France
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in France
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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