In 2023, Italy dominated the European market for the production of vermouth and other flavored wine, holding a substantial share of 52.53%. Following Italy, Spain and France contributed 24.76% and 15.87% respectively. Finland, Romania, and Sweden made smaller contributions, with Finland showing a strong growth of 8.74% year-on-year. Meanwhile, a decline was observed in Romania, Sweden, Lithuania, and Denmark, with Denmark experiencing the most significant drop of 22.92%. Despite a challenging environment, Estonia managed a small growth of 2.79%.
Looking ahead, trends to watch include Italy's continued dominance, potential growth in Spain and France, and recovery strategies in Romania and Sweden. Emerging markets, like Estonia, might gradually increase their influence, driven by innovation and diversification in flavored wine offerings. In the longer term, sustainability practices and changing consumer tastes could reshape production dynamics across Europe.
Top countries in Sold Production of Vermouth and Other Flavoured Wine of Fresh Grapes Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 52.53 | 2023 | +4.48% | +15.67% | View data |
| 2 | 2 Spain | 24.76 | 2023 | +0.83% | +3.44% | View data |
| 3 | 3 France | 15.87 | 2023 | +6.57% | +1.71% | View data |
| 4 | 4 Finland | 2.06 | 2023 | +7.88% | +8.74% | View data |
| 5 | 5 Romania | 1.48 | 2023 | -0.91% | -1.75% | View data |
| 6 | 6 Sweden | 1.08 | 2023 | +5.36% | -3.95% | View data |
| 7 | 7 Lithuania | 0.12 | 2023 | -9.38% | -9.24% | View data |
| 8 | 8 Denmark | 0.052 | 2023 | +6.03% | -22.92% | View data |
| 9 | 9 Estonia | 0.004 | 2023 | +0.0071% | +2.79% | View data |
