The forecast for the import of vermouth and other flavored grape wines in packs greater than 2 liters to Canada indicates a consistent decline from 2024 to 2028, starting at $31.66 thousand in 2024 and decreasing to $17.13 thousand by 2028. The import value shows a year-on-year decrease of approximately 11.77% in 2025, 13.15% in 2026, 14.81% in 2027, and 17.07% in 2028. The Compound Annual Growth Rate (CAGR) over this period is negative, indicating a downward trend in imports.
Future trends to watch for may include changes in consumer preferences, potential tariffs influencing import costs, and the impact of local production capabilities expanding in Canada. Monitoring these factors can provide insight into whether this declining trend will persist or rebound with market adjustments.
