Africa: Vermouth Market 2024

Vermouth Market Size in Africa

In 2022, the African vermouth market increased by less than X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Vermouth Production in Africa

In value terms, vermouth production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Vermouth Exports

Exports in Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of vermouth, when their volume decreased by X% to X litres. In general, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X litres in 2021, and then dropped notably in the following year.

In value terms, vermouth exports declined notably to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X litres) was the key exporter of vermouth in Africa, achieving X% of total export.

South Africa was also the fastest-growing in terms of the vermouth exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest vermouth supplier in Africa.

In South Africa, vermouth exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per litre, which is down by X% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2015 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Vermouth Imports

Imports in Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of vermouth, when their volume decreased by X% to X litres. Over the period under review, imports saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X litres, and then declined significantly in the following year.

In value terms, vermouth imports reached $X in 2022. Overall, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Namibia (X litres) was the key importer of vermouth, creating X% of total imports. Ghana (X litres) ranks second in terms of the total imports with a X% share, followed by Benin (X%), Burkina Faso (X%) and Democratic Republic of the Congo (X%). The following importers - Cameroon (X litres), Guinea (X litres), Angola (X litres), Equatorial Guinea (X litres), Congo (X litres), Kenya (X litres), Nigeria (X litres) and Rwanda (X litres) - together made up X% of total imports.

Namibia was also the fastest-growing in terms of the vermouth imports, with a CAGR of X% from 2012 to 2022. At the same time, Rwanda (X%), Nigeria (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Kenya, Cameroon and Guinea experienced a relatively flat trend pattern. By contrast, Equatorial Guinea (X%), Benin (X%), Burkina Faso (X%), Congo (X%), Ghana (X%) and Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Namibia, Democratic Republic of the Congo, Nigeria and Rwanda increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Namibia ($X) constitutes the largest market for imported vermouth in Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Equatorial Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Namibia amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Equatorial Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per litre, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per litre in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Equatorial Guinea ($X per litre), while Burkina Faso ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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