As of 2023, Brazil’s import of vermouth and other flavoured grape wines in packaging under 2L stood at an unspecified value. Based on the forecasted data, imports are projected to grow from 600.57 thousand USD in 2024 to 694.91 thousand USD by 2028. This indicates a consistent upward trend, underscored by an average annual growth rate (CAGR) over the forecast period.
Future trends to monitor:
- Emergence of new market players and potential impact on import dynamics
- Changing consumer preferences towards flavoured wines in Brazil
- Economic factors such as exchange rates that could affect import costs
- Potential trade agreements that might influence tariff structures
