The European export of vermouth and other flavoured wine of fresh grapes in 2023 was dominated by Italy, followed by Spain and Germany. Italy experienced a moderate growth of 2.52% in 2023, while France had a notable increase of 6.12%. Latvia and Belgium showed robust growth rates at 13.99% and 11.21%, respectively. In contrast, Romania and Lithuania witnessed declines of 12.94% and 9.49%. Ireland saw a dramatic increase of 52.51%, making it a significant outlier. Malta, though low in absolute volume, had an outstanding growth rate of 65.99%.
Future trends to watch include potential expansions in smaller markets with high growth potential like Ireland and Malta. Keeping an eye on policy changes within the European Union that could impact trade agreements and tariffs will be essential for maintaining competitive export advantages. Additionally, the increasing demand for flavored alcoholic beverages in new markets outside Europe might present opportunities for expansion through strategic partnerships and marketing initiatives.
Top countries in Export of Vermouth and Other Flavoured Wine of Fresh Grapes by Country
| # | 10 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 127,510,000 | 2023 | -0.046% | +2.52% | View data |
| 2 | 2 Spain | 65,874,000 | 2023 | +0.84% | +0.59% | View data |
| 3 | 3 Germany | 30,886,000 | 2023 | +0.16% | +1.2% | View data |
| 4 | 4 France | 28,256,000 | 2023 | +1.46% | +6.12% | 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 Portugal | 2,070,800 | 2023 | +6.66% | +26.58% | View data |
| 10 | 10 Ireland | 2,007,800 | 2023 | +18.12% | +52.51% | View data |
