The forecast for the UK's import of vermouth and other flavoured grape wines in packages greater than 2L shows a steady growth from 2024 to 2028, starting at 12.275 million kilograms in 2024 and reaching 12.963 million kilograms in 2028. Assuming a similar growth rate from previous years, the import volume in 2023 stood slightly below 12 million kilograms. The year-on-year percentage increase remains quite consistent, highlighting a stable market demand. Over this five-year period, the Compound Annual Growth Rate (CAGR) can be estimated as modest, aligning with historical consumption trends.
Future trends to watch for include changing consumer preferences towards larger packaging or premium products, potential trade policy adjustments post-Brexit, and any shifts in global supply chains that may affect import volume and pricing. Monitoring these trends will be essential for stakeholders to make informed business decisions in this market segment.
