In 2023, Italy led Europe's sold production of Vermouth and other flavoured wine of fresh grapes with a volume of 114.33 million liters, despite a slight decline of 2.03% from the previous year. Spain followed closely with a 1.28% increase, reaching 104.12 million liters. France's production showed a modest increase of 1.66%, while Finland experienced a notable rise of 6.97%. Other countries like Romania and Bulgaria saw growth, with Bulgaria registering a significant 33.98% surge. In contrast, Sweden, Lithuania, Denmark, and Estonia faced declines, with Estonia's production dropping by 55.73%.
Future trends to watch include:
- Increased demand for unique and flavoured wines could drive production innovation, particularly in smaller markets like Romania and Bulgaria.
- Potential market consolidation in countries with declining production, such as Sweden and Estonia, may influence competitive dynamics.
- Regulatory changes and consumer preferences towards organic and sustainable products may impact production processes and market competitiveness.
Top countries in Sold Production of Vermouth and Other Flavoured Wine of Fresh Grapes by Country
| # | 10 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 114,330,000 | 2023 | -3.01% | -2.03% | View data |
| 2 | 2 Spain | 104,120,000 | 2023 | +2.45% | +1.28% | View data |
| 3 | 3 France | 56,818,000 | 2023 | +6.4% | +1.66% | View data |
| 4 | 4 Finland | 5,361,800 | 2023 | +6.4% | +6.97% | View data |
| 5 | 5 Romania | 4,060,900 | 2023 | -1.31% | +2.01% | View data |
| 6 | 6 Sweden | 2,798,600 | 2023 | -1.18% | -7.01% | View data |
| 7 | 7 Bulgaria | 1,866,700 | 2023 | +2.94% | +33.98% | View data |
| 8 | 8 Lithuania | 663,620 | 2023 | -7.86% | -8.44% | View data |
| 9 | 9 Denmark | 210,570 | 2023 | +26.57% | -20.8% | View data |
| 10 | 10 Estonia | 51 | 2023 | 0% | -55.73% | View data |
