Spain - Vermouth - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVermouth Price in Spain - 2023
Contents:
- Vermouth Price in Spain (FOB) - 2023
- Vermouth Price in Spain (CIF) - 2022
- Vermouth Exports in Spain
- Vermouth Imports in Spain
Vermouth Price in Spain (FOB) - 2023
The average vermouth export price stood at $1.5 per litre in August 2023, growing by 9.6% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in July 2023 when the average export price increased by 55% month-to-month. Over the period under review, the average export prices reached the maximum at $1.6 per litre in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the United States ($2.5 per litre), while the average price for exports to Belgium ($779 per thousand litres) 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 (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Vermouth Price in Spain (CIF) - 2022
In 2022, the average vermouth import price amounted to $3.1 per litre, declining by -13.1% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $4.6 per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3.1 per litre), while the price for Germany amounted to $2.4 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%).
Vermouth Exports in Spain
Vermouth exports from Spain rose notably to 69M litres in 2022, increasing by 5.8% against 2021. The total export volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, vermouth exports amounted to $92M in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Vermouth in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.3 | 22.2 | 22.5 | 20.6 | -1.1% |
| France | 5.7 | 4.2 | 8.9 | 10.4 | 22.2% |
| Japan | 8.7 | 7.6 | 6.7 | 6.7 | -8.3% |
| Germany | 2.0 | 1.8 | 2.7 | 4.4 | 30.1% |
| Belgium | 3.1 | 4.6 | 4.2 | 4.3 | 11.5% |
| Portugal | 1.6 | 2.8 | 3.4 | 3.9 | 34.6% |
| United Kingdom | 2.1 | 2.7 | 3.4 | 2.6 | 7.4% |
| Panama | 1.5 | 1.3 | 2.1 | 2.4 | 17.0% |
| Costa Rica | 1.7 | 1.9 | 2.3 | 2.2 | 9.0% |
| Greece | 1.2 | 1.1 | 2.1 | 1.5 | 7.7% |
| Italy | 0.6 | 0.7 | 0.9 | 1.3 | 29.4% |
| Togo | 0.8 | 0.9 | 0.9 | 0.9 | 4.0% |
| Ghana | 1.3 | 1.2 | 1.0 | 0.7 | -18.6% |
| Others | 23.8 | 24.3 | 30.2 | 29.8 | 7.8% |
| Total | 75.4 | 77.4 | 91.4 | 91.7 | 6.7% |
Top Export Markets for Vermouth from Spain in 2022:
- United States (10.9M litres)
- France (10.2M litres)
- Portugal (5.8M litres)
- Germany (5.1M litres)
- Belgium (4.4M litres)
- Japan (3.4M litres)
- United Kingdom (1.9M litres)
- Costa Rica (1.8M litres)
- Panama (1.7M litres)
- Italy (1.6M litres)
- Greece (1.4M litres)
- Togo (1.0M litres)
- Ghana (0.8M litres)
Vermouth Imports in Spain
Vermouth imports into Spain dropped slightly to 18M litres in 2022, which is down by -3.6% on 2021. Over the period under review, imports recorded a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked at 18M litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, vermouth imports declined significantly to $55M in 2022. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports reached the peak of $65M, and then shrank dramatically in the following year.
| Import of Vermouth in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 54.6 | 43.2 | 61.6 | 51.5 | -1.9% |
| Germany | 1.1 | 0.2 | 0.9 | 1.2 | 2.9% |
| France | 5.8 | 0.3 | 0.3 | 0.7 | -50.6% |
| Others | 0.7 | 1.3 | 2.5 | 1.4 | 26.0% |
| Total | 62.1 | 45.0 | 65.3 | 54.7 | -4.1% |
Top Suppliers of Vermouth to Spain in 2022:
- Italy (16.8M litres)
- Germany (0.5M litres)
- France (0.2M litres)
This report provides an in-depth analysis of the vermouth market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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 Spain.
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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 Spain.
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This report provides an in-depth analysis of the global vermouth market.
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Vermouth exports reached a peak of 73M litres in 2017, but from 2018 to 2023, they maintained a lower volume. In terms of value, vermouth exports decreased slightly to $91M in 2023.
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After reaching a peak of 13M litres, vermouth exports noticeably declined in the subsequent month. In terms of value, vermouth exports sharply contracted to $9.1M in July 2023.
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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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