Central Asia: Vermouth Market 2024

Vermouth Market Size in Central Asia

In 2022, the Central Asian vermouth market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, showed a perceptible descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vermouth Production in Central Asia

In value terms, vermouth production stood at $X in 2022 estimated in export price. In general, production, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Vermouth Exports

Exports in Central Asia

In 2022, the amount of vermouth exported in Central Asia surged to X litres, growing by X% compared with the year before. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, vermouth exports surged to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Uzbekistan (X litres), distantly followed by Kazakhstan (X litres) were the major exporters of vermouth, together committing X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of X%).

In value terms, Kazakhstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per litre in 2022, rising by X% against the previous year. Overall, the export price posted mild growth. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per litre. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per litre), while Uzbekistan totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Vermouth Imports

Imports in Central Asia

In 2022, overseas purchases of vermouth increased by X% to X litres, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, vermouth imports surged to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Kazakhstan (X litres) was the key importer of vermouth, creating X% of total imports. It was distantly followed by Mongolia (X litres), creating a X% share of total imports. Kyrgyzstan (X litres) held a minor share of total imports.

Kazakhstan was also the fastest-growing in terms of the vermouth imports, with a CAGR of X% from 2012 to 2022. At the same time, Mongolia (X%) displayed positive paces of growth. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Mongolia increased by X and X percentage points, respectively.

In value terms, the largest vermouth importing markets in Central Asia were Kazakhstan ($X), Mongolia ($X) and Kyrgyzstan ($X), with a combined X% share of total imports.

In terms of the main importing countries, Mongolia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per litre, remaining relatively unchanged against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vermouth import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per litre. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per litre), while Kazakhstan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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