In 2023, Italy led European exports of vermouth and similar wines with 126.6 million liters, although showing a slight 0.014% decline. Spain and France followed, both experiencing declines of 4.87% and 4.17%, respectively. Bulgaria, Latvia, and Belgium saw significant growth, with increases of 12.91%, 13.99%, and 11.21%, respectively. Ireland had an exceptional rise of 52.51%, while Malta's exports surged by 65.99%. Other notable increases were seen in Slovakia (15.74%) and Austria (7.45%). Conversely, Romania, Denmark, Luxembourg, and Slovenia faced notable declines. Over the last five years, the market showcased significant fluctuations, indicating a dynamic sector.
Future trends indicate potential growth in emerging markets such as Ireland and Malta, driven by increased demand and enhanced production capabilities. Italy is expected to maintain leadership in volume despite minor yearly drops. Monitoring changing consumer preferences and the impact of global trade dynamics will be essential, particularly for countries showing volatility. Sustained innovation in flavors and marketing strategies will likely shape the competitive landscape, influencing future export volumes and destinations.
Top countries in Export of Vermouth and Other Wine of Fresh Grapes Flavoured with Plants or Aromatic Substances by Country
| # | 10 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 126,600,000 | 2023 | -10.11% | -0.014% | View data |
| 2 | 2 Spain | 76,087,000 | 2023 | +15.45% | -4.87% | View data |
| 3 | 3 France | 42,283,000 | 2023 | -0.041% | -4.17% | View data |
| 4 | 4 Germany | 30,886,000 | 2023 | +0.16% | +1.2% | View data |
| 5 | 5 Bulgaria | 6,740,500 | 2023 | +4.41% | +12.91% | View data |
| 6 | 6 Latvia | 5,717,300 | 2023 | +5.29% | +13.99% | View data |
| 7 | 7 Belgium | 5,698,300 | 2023 | +7.69% | +11.21% | View data |
| 8 | 8 Finland | 3,387,000 | 2023 | +4.34% | +2.13% | View data |
| 9 | 9 Ireland | 2,007,800 | 2023 | +18.12% | +52.51% | View data |
| 10 | 10 Netherlands | 1,264,100 | 2023 | +6.58% | +0.23% | View data |
