Russian Federation - Vermouth - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVermouth Price in Russia - 2022
Contents:
- Vermouth Price in Russia (CIF) - 2022
- Vermouth Price in Russia (FOB) - 2022
- Vermouth Imports in Russia
- Vermouth Exports in Russia
Vermouth Price in Russia (CIF) - 2022
The average vermouth import price stood at $2.6 per litre in January 2022, growing by 4% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2021 when the average import price increased by 9.8% month-to-month. As a result, import price reached the peak level of $2.6 per litre; afterwards, it flattened through to January 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2.7 per litre), while the price for Spain ($1.4 per litre) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.8%), while the prices for the other major suppliers experienced a decline.
Vermouth Price in Russia (FOB) - 2022
The average vermouth export price stood at $1.7 per litre in 2021, growing by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The export price peaked at $12 per litre in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($3.7 per litre), while the average price for exports to Kazakhstan ($1.6 per litre) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Vermouth Imports in Russia
In 2022, overseas purchases of vermouth were finally on the rise to reach 13M litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt descent. Over the period under review, imports hit record highs at 22M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, vermouth imports fell modestly to $30M in 2022. In general, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 0.2%. Imports peaked at $34M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Vermouth in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 32.5 | 28.5 | 28.7 | 27.0 | -6.0% |
| Serbia | 0.3 | 0.7 | 0.4 | 2.4 | 100.0% |
| Spain | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 1.0 | 0.6 | 0.6 | 0.2 | -41.5% |
| Total | 34.0 | 29.9 | 29.9 | 29.9 | -4.2% |
Top Suppliers of Vermouth to Russia in 2022:
- Italy (11.0M litres)
- Serbia (1.4M litres)
- Spain (0.3M litres)
Vermouth Exports in Russia
In 2021, after two years of growth, there was significant decline in shipments abroad of vermouth, when their volume decreased by -31.2% to 139K litres. In general, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2020 with an increase of 36%. As a result, the exports attained the peak of 201K litres, and then reduced sharply in the following year.
In value terms, vermouth exports fell significantly to $237K in 2021. Over the period under review, total exports indicated significant growth from 2019 to 2021: its value increased at an average annual rate of +23.4% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of $295K, and then shrank notably in the following year.
| Export of Vermouth in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Kazakhstan | 49.2 | 123 | 145 | 71.7% | |
| Ukraine | 71.2 | 144 | 79.5 | 5.7% | |
| Latvia | N/A | 8.3 | 10.7 | 28.9% | |
| Belarus | 31.3 | 13.5 | N/A | -56.9% | |
| Others | 4.0 | 5.5 | 2.0 | -29.3% | |
| Total | 156 | 295 | 237 | 23.3% | |
Top Export Markets for Vermouth from Russia in 2022:
- Kazakhstan (90.5K litres)
- Ukraine (43.3K litres)
- Latvia (2.9K litres)
This report provides an in-depth analysis of the vermouth market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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.
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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 the Russian Federation.
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This report provides an in-depth analysis of the global vermouth market.
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This report provides an in-depth analysis of the vermouth market in the Russian Federation.
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This report provides an in-depth analysis of the global vermouth market.
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