The import of vermouth and other flavoured grape wine to Singapore is projected to grow from USD 1.2456 million in 2024 to USD 1.2954 million in 2028, indicating a steady upward trend. The year-on-year growth from 2024 to 2025 is around 1.03%, and it continues incrementally, showing slight increases each subsequent year. Comparing the years 2027 and 2028, the variation is approximately 0.94%. The compound annual growth rate (CAGR) over this five-year period is a modest 1.01%, suggesting consistent albeit slow growth.
Key future trends to watch for include:
- Potential shifts in consumer preferences towards flavoured wines that could accelerate growth.- Regulatory changes affecting import tariffs or trade agreements.- Market expansion driven by increasing wine consumption as part of lifestyle changes in Singapore.- Increased competition from local and international brands altering market dynamics.- Economic factors such as currency fluctuations impacting import costs and prices.
