In 2023, Italy led the global export of vermouth and other flavored grape wines in packs less than 2 liters, holding 43.35% of the market share, despite a slight 0.3% decrease. Spain followed with 22.99% and a 1.5% increase. Germany and France also contributed significantly, with respective increases of 0.62% and 1.95%. Emerging exporters like South Africa, Finland, and Serbia showcased notable growth, with South Africa experiencing a 6.7% rise. Eastern European countries such as Slovenia, Hungary, and Mauritius showed remarkable expansions, with Mauritius leading at 44.68%. Conversely, countries like Bulgaria, Ukraine, and Switzerland saw declines in their export shares.
The coming years may see increased competition, with potential market shifts towards emerging exporters as they capitalize on growth opportunities. Additionally, consumer preferences and demand may influence market dynamics, potentially benefiting countries with a strong focus on premium and innovative flavors in their vermouth and grape wine offerings.
Top countries in Export of Vermouth and Other Flavoured Grape Wines in the Pack Less Than 2L Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 43.35 | 2023 | -0.2% | -0.3% | View data |
| 2 | 2 Spain | 22.99 | 2023 | +0.48% | +1.5% | View data |
| 3 | 3 Germany | 11.52 | 2023 | +0.46% | +0.62% | View data |
| 4 | 4 France | 10.59 | 2023 | +4.18% | +1.95% | View data |
| 5 | 5 South Africa | 1.69 | 2023 | +5.16% | +6.7% | View data |
| 6 | 6 Finland | 1.68 | 2023 | +5.11% | +5.99% | View data |
| 7 | 7 Latvia | 1.33 | 2023 | +4.46% | +4.44% | View data |
| 8 | 8 Belgium | 1.15 | 2023 | -0.54% | -3.94% | View data |
| 9 | 9 United States | 0.89 | 2023 | +1.36% | +1.78% | View data |
| 10 | 10 Bulgaria | 0.53 | 2023 | -7.4% | -8.73% | View data |
