Northern America: Vermouth Market 2024

Vermouth Market Size in Northern America

In 2022, after four years of growth, there was significant decline in the North American vermouth market, when its value decreased by X% to $X. In general, consumption, however, recorded prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Vermouth Production in Northern America

In value terms, vermouth production declined modestly to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Vermouth Exports

Exports in Northern America

In 2022, overseas shipments of vermouth increased by X% to X litres, rising for the second consecutive year after three years of decline. Overall, exports recorded a modest expansion. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, vermouth exports surged to $X in 2022. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X litres) was the major exporter of vermouth, committing X% of total exports. It was distantly followed by Canada (X litres), constituting a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of vermouth. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest vermouth supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per litre, reducing by X% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per litre in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($X per litre), while Canada stood at $X per litre.

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

Vermouth Imports

Imports in Northern America

In 2022, after ten years of growth, there was significant decline in supplies from abroad of vermouth, when their volume decreased by X% to X litres. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X litres in 2021, and then fell remarkably in the following year.

In value terms, vermouth imports fell markedly to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

The United States prevails in imports structure, accounting for X litres, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X litres), mixing up a X% share of total imports.

The United States was also the fastest-growing in terms of the vermouth imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported vermouth in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, vermouth imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2022, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per litre in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per litre), while the United States amounted to $X per litre.

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

Source: IndexBox Platform

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