In 2023, the import of Vermouth and other flavoured grape wines in packages less than 2L was valued at 126.6 million USD. Forecasts suggest a steady increase from 2024, starting at 131.8 million USD, reaching 153.42 million USD by 2028. This shows a consistent growth trajectory, with a year-on-year percentage increase ranging from about 4.2% to 3.5%, and a compound annual growth rate (CAGR) of approximately 3.9% over the five-year period.
Future trends to watch include potential shifts in consumer preferences towards premium or diverse flavoured offerings, economic factors affecting import costs, and possible impacts from regulatory changes on wine imports. Monitoring these variables will be crucial for stakeholders in this market.
