Italy holds the largest market share in the global export of vermouth and flavored grape wines in packs under 2L, constituting 37.9% of global exports. Spain and France follow with 16.06% and 12%, respectively. While Italy saw a minor decline of 0.44% in its exports year-on-year, countries like Spain and France experienced moderate growth, with France showing a 2.35% increase. The United States, with a share of 6.95%, had a substantial growth rate of 5.72%. The most significant relative growths occurred in Canada (33.45%) and Barbados (61.19%).
Future trends to watch include significant opportunities for growth in Asian markets despite the current lower market share. Countries like Senegal and Ecuador indicate exceptional growth potential, as seen from their recent export expansion rates. Additionally, innovation in packaging and flavors could drive demand, influencing future global standings. Monitoring currency fluctuations and trade policies will be pivotal in assessing competitive advantages for exporting countries.
Top countries in Export of Vermouth and Other Flavoured Grape Wines in the Pack Less Than 2L Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.9 | 2023 | +0.45% | -0.44% | View data |
| 2 | 2 Spain | 16.06 | 2023 | +1.2% | +0.59% | View data |
| 3 | 3 France | 12 | 2023 | +3.26% | +2.35% | View data |
| 4 | 4 Germany | 10.76 | 2023 | +1.65% | +1.38% | View data |
| 5 | 5 United States | 6.95 | 2023 | +5.1% | +5.72% | View data |
| 6 | 6 Belgium | 2.32 | 2023 | +1.75% | -1.22% | View data |
| 7 | 7 Finland | 1.99 | 2023 | +4.79% | +5.67% | View data |
| 8 | 8 Latvia | 1.7 | 2023 | +3.89% | +3.4% | View data |
| 9 | 9 South Africa | 0.89 | 2023 | +3.13% | +4.91% | View data |
| 10 | 10 Netherlands | 0.86 | 2023 | -0.86% | +1.02% | View data |
