In 2023, Italy led the European export market for Vermouth and other wines of fresh grapes flavored with plants or aromatic substances, holding a dominant share of 42.48% in liters. Spain and France followed, with 25.53% and 14.19%, respectively. Notably, smaller exporters such as Latvia, Belgium, and Bulgaria showed significant growth, with increases of 13.99%, 11.21%, and 12.91%, respectively. In contrast, Denmark and Romania experienced substantial declines of 28.49% and 12.94%.
Looking ahead, growth potential is likely for emerging markets such as Ireland and Malta, which noted significant surges in the previous year. Observing competitive dynamics, continuous innovation in flavors, and consumer preference shifts will be crucial for market players aiming to capture larger shares.
Top countries in Export of Vermouth and Other Wine of Fresh Grapes Flavoured with Plants or Aromatic Substances Share by Country (Liters)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.48 | 2023 | -10.11% | -0.014% | View data |
| 2 | 2 Spain | 25.53 | 2023 | +15.45% | -4.87% | View data |
| 3 | 3 France | 14.19 | 2023 | -0.041% | -4.17% | View data |
| 4 | 4 Germany | 10.36 | 2023 | +0.16% | +1.2% | View data |
| 5 | 5 Bulgaria | 2.26 | 2023 | +4.41% | +12.91% | View data |
| 6 | 6 Latvia | 1.92 | 2023 | +5.29% | +13.99% | View data |
| 7 | 7 Belgium | 1.91 | 2023 | +7.69% | +11.21% | View data |
| 8 | 8 Finland | 1.14 | 2023 | +4.34% | +2.13% | View data |
| 9 | 9 Ireland | 0.67 | 2023 | +18.12% | +52.51% | View data |
| 10 | 10 Netherlands | 0.42 | 2023 | +6.58% | +0.23% | View data |
