Italy - Vermouth - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVermouth Price in Italy - 2023
Contents:
- Vermouth Price in Italy (FOB) - 2023
- Vermouth Price in Italy (CIF) - 2023
- Vermouth Exports in Italy
- Vermouth Imports in Italy
Vermouth Price in Italy (FOB) - 2023
In August 2023, the average vermouth export price amounted to $2.7 per litre, with an increase of 6.5% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in April 2023 when the average export price increased by 21% month-to-month. As a result, the export price reached the peak level of $2.8 per litre. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4.8 per litre), while the average price for exports to Portugal ($1.5 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Vermouth Price in Italy (CIF) - 2023
In July 2023, the average vermouth import price amounted to $1.6 per litre, with a decrease of -41.9% against the previous month. Over the period under review, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 66% against the previous month. The import price peaked at $6.0 per litre in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($4.7 per litre), while the price for Spain ($1.0 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Portugal (+8.7%), while the prices for the other major suppliers experienced a decline.
Vermouth Exports in Italy
After three years of growth, overseas shipments of vermouth decreased by -7.6% to 120M litres in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 6.7%. As a result, the exports reached the peak of 130M litres, and then shrank in the following year.
In value terms, vermouth exports reduced to $245M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of $271M, and then dropped in the following year.
| Export of Vermouth in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.6 | 25.2 | 31.7 | 33.8 | 2.3% |
| France | 31.1 | 29.3 | 34.0 | 29.4 | -1.9% |
| Latvia | 9.9 | 11.8 | 8.3 | 26.5 | 38.8% |
| Spain | 24.2 | 18.7 | 9.1 | 23.0 | -1.7% |
| Germany | 18.2 | 34.2 | 51.9 | 16.5 | -3.2% |
| Belgium | 17.4 | 16.8 | 19.7 | 15.5 | -3.8% |
| Poland | 8.7 | 4.4 | 5.2 | 10.0 | 4.8% |
| United Kingdom | 7.9 | 8.3 | 8.7 | 6.7 | -5.3% |
| Portugal | 4.4 | 1.9 | 1.2 | 6.2 | 12.1% |
| Russia | 13.3 | 16.0 | 21.5 | 4.8 | -28.8% |
| Ukraine | 8.0 | 9.9 | 11.3 | 4.3 | -18.7% |
| Canada | 3.2 | 3.5 | 3.3 | 4.3 | 10.4% |
| Others | 44.8 | 45.4 | 65.2 | 64.3 | 12.8% |
| Total | 223 | 226 | 271 | 245 | 3.2% |
Top Export Markets for Vermouth from Italy in 2022:
- France (19.7M litres)
- Latvia (17.1M litres)
- Spain (16.5M litres)
- Germany (11.1M litres)
- Belgium (8.4M litres)
- United States (7.8M litres)
- Poland (5.6M litres)
- United Kingdom (3.7M litres)
- Ukraine (2.8M litres)
- Russia (2.8M litres)
- Portugal (2.4M litres)
- Canada (2.0M litres)
Vermouth Imports in Italy
In 2022, supplies from abroad of vermouth decreased by -10% to 2.3M litres, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of 4.5% against the previous year. As a result, imports reached the peak of 2.8M litres. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, vermouth imports soared to $4.7M in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vermouth in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 347 | 144 | 391 | 1,216 | 51.9% |
| Spain | 1,284 | 882 | 1,048 | 839 | -13.2% |
| Portugal | 578 | 976 | 939 | 791 | 11.0% |
| Germany | 613 | 733 | 574 | 592 | -1.2% |
| Austria | 229 | 293 | 338 | 281 | 7.1% |
| Russia | N/A | N/A | N/A | 56.5 | 0% |
| Others | 296 | 967 | 351 | 894 | 44.5% |
| Total | 3,347 | 3,996 | 3,640 | 4,670 | 11.7% |
Top Suppliers of Vermouth to Italy in 2022:
- Spain (851.6K litres)
- Germany (543.1K litres)
- Portugal (462.3K litres)
- France (220.1K litres)
- Austria (132.2K litres)
- Russia (37.2K litres)
This report provides an in-depth analysis of the vermouth market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the vermouth market in Italy.
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This report provides an in-depth analysis of the vermouth market in Italy.
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Vermouth exports reached a peak of 14M litres in October 2023 before declining to $28M in value in November 2023.
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In December 2022, there was an increase of 2.7% in the price of wine per litre (FOB, Italy), bringing it to $4.0.
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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.
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